Raymond James picks up two more advisor teams from Commonwealth Financial Network
ByAinvest
Thursday, Aug 28, 2025 6:22 am ET1min read
RJF--
The FlahertyColvin team, led by Stewart L. Flaherty and Tamara K. Colvin, is a 52-year and 34-year industry veteran duo, respectively. They managed $305 million in client assets at Commonwealth Financial Network before joining Raymond James. The team reports to David Sisemore, Midwest divisional director for RJFS [2].
Village Wealth Management, a separate team, also joins Raymond James, bringing an additional $125 million in AUM. The team's exact composition and leadership are not specified in the provided materials, but their addition underscores Raymond James' commitment to growing its independent advisor channel.
LPL Financial, which acquired Commonwealth Financial Network earlier this month, is on track to retain 90% of the firm's 2,900 brokers [1]. The acquisition of Commonwealth Financial Network has led to a wave of advisors and teams joining other firms, including Raymond James, as they seek new opportunities or are reluctant to join LPL.
Raymond James' acquisition of these teams is part of a broader strategy to enhance its independent advisor channel, offering more personalized client services and access to innovative technology. The firm's total client assets are approximately $1.65 trillion as of July 31, 2025 [2].
References:
[1] https://www.advisorhub.com/305-million-commonwealth-team-jumps-to-raymond-james-in-ohio/
[2] https://www.stocktitan.net/news/RJF/raymond-james-welcomes-ohio-financial-advisors-managing-305-million-1i3oc9kemof6.html
Raymond James continues to acquire advisors from Commonwealth Financial Network, with two new teams joining, bringing the total to $305 million in assets under management. The teams, FlahertyColvin and Village Wealth Management, were with Commonwealth for 12 years and managed almost $125 million. LPL Financial, which acquired Commonwealth, is on target to retain 90% of advisors from the acquisition.
Raymond James Financial Services (RJFS) continues its strategic expansion by welcoming two new teams from Commonwealth Financial Network, adding a significant amount of assets under management (AUM) to its independent advisor channel. The teams, FlahertyColvin and Village Wealth Management, join RJFS after 12 years with Commonwealth, bringing nearly $125 million in AUM [1].The FlahertyColvin team, led by Stewart L. Flaherty and Tamara K. Colvin, is a 52-year and 34-year industry veteran duo, respectively. They managed $305 million in client assets at Commonwealth Financial Network before joining Raymond James. The team reports to David Sisemore, Midwest divisional director for RJFS [2].
Village Wealth Management, a separate team, also joins Raymond James, bringing an additional $125 million in AUM. The team's exact composition and leadership are not specified in the provided materials, but their addition underscores Raymond James' commitment to growing its independent advisor channel.
LPL Financial, which acquired Commonwealth Financial Network earlier this month, is on track to retain 90% of the firm's 2,900 brokers [1]. The acquisition of Commonwealth Financial Network has led to a wave of advisors and teams joining other firms, including Raymond James, as they seek new opportunities or are reluctant to join LPL.
Raymond James' acquisition of these teams is part of a broader strategy to enhance its independent advisor channel, offering more personalized client services and access to innovative technology. The firm's total client assets are approximately $1.65 trillion as of July 31, 2025 [2].
References:
[1] https://www.advisorhub.com/305-million-commonwealth-team-jumps-to-raymond-james-in-ohio/
[2] https://www.stocktitan.net/news/RJF/raymond-james-welcomes-ohio-financial-advisors-managing-305-million-1i3oc9kemof6.html
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet