Advisor Teams Flock to Raymond James Amid Recruitment Streak

Raymond James has recruited advisor teams from RBC, Wells Fargo, and Thrivent, while Wells Fargo welcomed a team from RBC and Stephens announced a hire from JPMorgan. The advisor teams at Raymond James bring a total of $863 million in client assets.

Raymond James has continued its recruitment streak, welcoming advisor teams from RBC, Wells Fargo, and Thrivent. Meanwhile, Wells Fargo added a team from RBC, and Stephens hired an advisor from JPMorgan. These moves bring a significant amount of client assets to the firms involved.

Raymond James, based in St. Petersburg, Florida, has welcomed three new advisor groups to its independent and employee channels. In Las Vegas, Daniel Toll and Tahirih “T” Toll joined Raymond James Financial Services, managing $347 million in assets from RBC Capital Markets. Their new practice, Toll Wealth Management, focuses on financial planning for business owners and individuals experiencing sudden wealth. In Virginia Beach, Todd West and Jason Hoffman moved to Raymond James & Associates from Wells Fargo, bringing $276 million in client assets. Operating as West Hoffman Wealth Management, they serve business owners, families, and retirees. Additionally, Pinnacle Wealth Management, previously managing over $240 million at Thrivent Financial, joined Raymond James, valuing the firm's independence and modern resources.

Wells Fargo, based in San Francisco, California, added a new team from RBC Wealth Management. Senior financial advisors Benjamin Goldberg and Brian Richmond, along with client associate Kelsey Chicots, brought nearly $156 million in assets under management to Wells Fargo. Goldberg has 32 years of industry experience, including roles at Citi, Morgan Stanley, and Merrill Lynch, while Richmond has 23 years of experience, including Citi and Morgan Stanley.

Stephens, a family-owned firm based in Little Rock, Arkansas, expanded its Private Wealth Management division by hiring Josh McCord as vice president and financial consultant in Shreveport, Louisiana. McCord brings seven years of industry experience, most previously from JPMorgan. Kevin Scanlon, executive vice president and head of Stephens Private Wealth Management, praised McCord's client-first approach and well-rounded perspective.

These recruitment efforts highlight the competitive landscape in the wealth management industry, with firms seeking to attract top talent and client assets. Raymond James, in particular, has shown a strong commitment to growing its advisor teams, with a total of $863 million in client assets brought in by the new teams.

References:
[1] https://www.investmentnews.com/independent-broker-dealers/advisor-moves-raymond-james-snags-advisor-teams-from-rbc-wells-fargo-thrivent/261652
[2] https://www.quiverquant.com/news/New+Analyst+Forecast%3A+%24DD+Given+%2494.0+Price+Target
[3] https://www.marketbeat.com/instant-alerts/filing-wells-fargo-company-nysewfc-shares-bought-by-citizens-financial-group-inc-ri-2025-08-06/