Raymond James Welcomes 16 Financial Advisors to Independent Advisor Channel.

Raymond James welcomed a team of 16 financial advisors to their independent advisor channel, Raymond James Financial Services. The team, led by Thomas C. Rapp, Ronald J. Greenberg, and Patrick Maguire, joins from Greenberg & Rapp and Eagle Rock Wealth Management with offices in New Jersey and Florida. The advisors bring a combined experience in wealth management and financial planning.

Raymond James Financial (NYSE:RJF) has recently welcomed a team of 16 financial advisors to its independent advisor channel, Raymond James Financial Services (RJFS). The team, led by Thomas C. Rapp, Ronald J. Greenberg, and Patrick Maguire, joins from Greenberg & Rapp and Eagle Rock Wealth Management, with offices in Morristown, New Jersey and West Palm Beach, Florida. The advisors bring a combined experience in wealth management and financial planning, specializing in serving ultra-high-net-worth families through private placement life insurance, private placement variable annuities, and sophisticated wealth management strategies.

The team, which includes 14 senior financial professionals and is supported by more than 15 investment and branch professionals, managed approximately $1.8 billion in client assets at M Financial Group. This strategic addition enhances Raymond James' wealth management capabilities, with the firm currently managing total client assets of approximately $1.64 trillion as of June 30, 2025.

The acquisition is particularly valuable because Greenberg & Rapp specializes in sophisticated wealth management strategies for ultra-high-net-worth clients, including private placement life insurance and private placement variable annuities—products that offer tax advantages for wealthy investors. This expertise complements Raymond James' existing Private Wealth program and enhances their capability to serve the most affluent client segment.

For context, this $1.8 billion addition represents approximately 0.11% of Raymond James' total client assets of $1.64 trillion. While relatively small compared to their overall asset base, the specialized nature of this practice and its focus on ultra-high-net-worth clients makes it more significant than the percentage suggests. The extensive team size—16 advisors plus 15 support staff—indicates a comprehensive practice that likely generates substantial fee revenue.

The advisors cited Raymond James' technology, home office support, and culture of independence as key factors in their decision to move their practice. This suggests Raymond James continues to position itself effectively in the competitive landscape for attracting established advisory teams, particularly those serving wealthy clients who require sophisticated planning solutions.

Reference List:
[1] https://www.stocktitan.net/news/RJF/raymond-james-welcomes-1-8-billion-financial-advisor-team-in-new-ixncjuahs6es.html
[2] https://www.biospace.com/press-releases/rapport-therapeutics-reports-second-quarter-2025-financials-and-provides-business-update