Raymond James attracts two teams totaling $1.75B. Two teams are joining the firm's employee and independent channels. The latter is the latest team to join Raymond James from Commonwealth, following LPL's acquisition of the broker/dealer. September 24, 2026 Want a quick summary? Raymond James added two teams this week, including a $1.25 billion Iowa-based group that joined its employee advisor channel and a $500 million team out of Rochester, N.Y. via its independent channel. The Clive, Iowa-based team includes David Lobriecki, Dan McPhail Jr., David Haas and Willis Gaer. They're joining Raymond James as Greenwood Wealth Partners from D.M. Kelly & Company, a Des Moines, Iowa-based broker/dealer. They managed about $1.25 billion in assets and offer financial planning and investment advice for families, business owners, foundations, endowments, nonprofits and retirees. They're joined by Practice Business Manager Holly Ellsworth. In a statement, Lobriecki said Raymond James' culture and respect for the team's independence helped seal the deal and that they'll access "an expanded investment platform, comprehensive wealth management resources and the home office support to serve clients across a broad range of financial goals." Lorbiecki has over three decades of industry experience, having spent 30 years at D.M. Kelly. McPhail and Haas first registered in 2007 and 2008, respectively, while Gaer began working in the industry in 2022. Also this week, Raymond James recruited Todd Harris, Connie Gilderhus, Sarah Fuller, Robert Conderman and Joseph Palma to its independent advisor channel. The $500 million team is joining from Commonwealth Financial Network and offers financial planning for families, corporate executives and retirees. Harris, the team's principal, has more than two decades of industry experience, while Gilderhus has 15 years of experience in the financial services industry. Fuller has more than 35 years of experience and holds a CFP designation, while Palma and Conderman entered the industry in 2007 and 2008, respectively. The move comes as Commonwealth advisors' integration into LPL Financial continues apace. LPL closed its acquisition of Commonwealth in August 2025, but teams are nearing the deadline to transition onto LPL's platforms by the end of 2026, according to prior statements from LPL. Raymond James has been one of the most significant beneficiaries of teams looking to leave Commonwealth ahead of the conversion, and the firm has boosted its recruitment spending over the past year, according to earnings reports. Last May, the firm attracted Financial Strategies Retirement Partners, a 12-advisor team in Bedford, N.H., that oversaw $2.8 billion in client assets at Commonwealth. Senior Reporter, Wealth Management Patrick Donachie is a senior reporter for Wealth Management, covering federal and state regulation, litigation and M&A deals in financial services. Patrick was born in Staten Island, and now lives in Brooklyn, N.Y.

Raymond James launches Leveraged Finance & Debt Advisory group. Raymond James is expanding its investment banking platform with the creation of its Leveraged Finance & Debt Advisory group, which will serve corporate and financial sponsor clients from New York. Led by Drew Weisman as senior managing director and head of Leveraged Finance & Debt Advisory, alongside Alvin Ng as director, the group will provide private debt placements, debt capital markets advisory, term loan B facilities and high-yield bonds. The team will arrange financing for refinancings, recapitalizations, acquisitions, leveraged buyouts and general corporate purposes. The expansion is also intended to strengthen Raymond James' financial sponsor coverage and its ability to advise clients across the capital structure. The new group adds two experienced leveraged finance bankers from Jefferies (NYSE: JEF). Weisman spent 15 years at Jefferies, where he founded and served as global head of its private debt finance & advisory group and headed consumer & retail leveraged finance. He also previously led European structuring & origination in London, helping build Jefferies' sponsor finance business in the region, and worked on leveraged finance, private debt and capital markets advisory transactions across sectors including consumer & retail, distribution, metals & mining, paper & packaging, maritime, and power & utilities. Ng spent seven years in Jefferies' leveraged finance group, originating, structuring and executing leveraged loans, high-yield bonds, private debt and capital markets advisory transactions focused on consumer & retail and distribution. He previously worked at HSBC (NYSE: HSBC) and Citi (NYSE: C). Carson Group Adds Intrinsic Investors to Carson Wealth in Great Lakes Intrinsic Investors provides financial planning and investment management services to individuals, families, trusts, retirement plans and philanthropic organizations. To read the entire story, you must be logged in. Peakline Partners Purchases Kalon Capital Kalon provides equipment financing to businesses across a range of industries. To read the entire story, you must be logged in. Nutanix Acquires Ryax Technologies Ryax Technologies develops technology that automates infrastructure, data, hardware and code management for AI workloads. To read the entire story, you must be logged in. Cornell Capital Buys Hancock Claims Consultants Hancock Claims Consultants is a provider of outsourced claims field services to residential property and casualty insurance carriers. To read the entire story, you must be logged in.

Raymond James expands key investment banking teams. Investment bank Raymond James (RJF.N) has strategically expanded its capabilities by hiring several managing directors from rival firm Jefferies' (JEF.N) consumer and retail investment banking unit. Raymond James, a St. Petersburg, Florida-based investment bank, offers a comprehensive suite of financial services, including investment banking, wealth management, and capital markets advice. This move underscores Raymond James' ongoing commitment to bolstering its specialised financial advisory teams within key sectors. The new appointments include Drew Weisman, joining the leveraged finance team, alongside Steve Tricarico, Russ Shoemaker, and Hub Orr, who will be part of the consumer and retail investment banking team. These hires are set to significantly expand Raymond James' consumer and retail division, building on its 2021 acquisition of consumer-focused boutique bank Financo. Mr Weisman's addition is also expected to bolster the bank's leveraged finance practice, according to sources familiar with the matter. Raymond James has demonstrated a strong presence in the consumer and retail sector, having advised on several significant deals in recent years. Notable transactions include the more than $1 billion sale of baby care brand Coterie to Mammoth Brands, the sale of hair care brand Not Your Mother's to Henkel, and the sale of men's personal care brand Dr. Squatch to Unilever. Furthermore, the bank's capital markets team has been active in the sector this year, working on initial public offerings for companies such as Jersey Mike's and Bob's Discount Furniture. Neither Raymond James nor Jefferies immediately responded to requests for comment regarding these appointments.