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Raymond James Welcomes Maine Advisor Team Managing Over $350 Million in Assets

1. Raymond James welcomes four advisors from Compass Investment Management. 2. The advisors manage over $350 million in client assets. 3. Joining enhances RJF's independent advisory channel and client service. 4. The team emphasizes client independence and tailored financial guidance. 5. RJF has total client assets of approximately $1.69 trillion.

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Why Bullish?

The addition of experienced advisors can increase client assets and revenue, particularly as it reflects strong growth in the independent advisory segment, a trend positively correlated with RJF's historical performance.

How important is it?

The recruitment of these advisors is significant for RJF’s growth in the independent advisory market, potentially leading to higher revenue streams.

Why Long Term?

This integration contributes to a sustained growth strategy, positioning RJF for ongoing expansion in client assets over time.

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St. Petersburg, Fla., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Raymond James (NYSE: RJF) recently welcomed four financial advisors from Compass Investment Management (CIM) to Raymond James Financial Services (RJFS) – the firm’s independent advisor channel – according to Alex David, Northeast division director for RJFS. The group operates office locations in Lewiston and Bangor, Maine, and includes advisors Gary Bragg, Colby Dionne, Daniel Espenscheid and Michael Nerney, along with Registered Broker Assistants Peggy Kennedy and Melissa Bernard and Office Administrator Linda Girardin. They previously managed more than $350 million in client assets as part of Commonwealth Financial Network. “Choosing to affiliate with Raymond James was about ensuring our independence to provide clients with the thoughtful, personal guidance they expect from our team,” said Bragg. “The firm gives us the freedom to make decisions in our clients’ best interests, while providing the right mix of sophisticated resources and support to help them pursue their goals with confidence.” Bragg leads the CIM team with more than three decades of financial services experience. He entered the industry in 1990 with his previous firm. Dionne serves as services manager at CIM. He interned with the group before beginning his advisory career at Equitable Advisors in 2023. He holds a bachelor’s degree in finance and financial economics from the University of Maine. Espenscheid joined CIM in 2016, serving clients as technology director and broker assistant. He became a financial advisor in 2024 and is based in Venice, Florida, where he supports the Lewiston office. Nerney holds a bachelor’s degree in finance and an MBA from Bentley University, as well as Master of Divinity and Doctor of Ministry degrees. He joined CIM in 2021 and provides clients with financial analysis and portfolio structure support, drawing on his background in finance, taxes and ministry. About Raymond James Financial ServicesRaymond James Financial Services, Inc. (RJFS), member FINRA/SIPC, is a financial services firm supporting independent financial advisors nationwide. Since 1974, RJFS provides a wide range of investment and wealth planning-related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both firms are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), one of the nation’s premier diversified financial services companies with financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.69 trillion as of Aug. 31, 2025. Additional information is available at raymondjames.com.Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Compass Investment Management is not a registered broker/dealer and is independent of Raymond James Financial Services. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

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