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Raymond James picks up two more advisor teams from Commonwealth Financial Network
ByAinvest
Thursday, Aug 28, 2025 6:22 am ET1min read
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
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