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Raymond James Welcomes San Diego Advisor Group Managing $1.1 Billion in Assets

1. Raymond James welcomed five advisors from The Manning Companies in San Diego. 2. The advisors managed approximately $1.1 billion in client assets at their previous firm. 3. They bring extensive experience in wealth management and retirement solutions. 4. TMC emphasized Raymond James' prestigious advisor-centric model as a key reason for joining. 5. The addition enhances RJF's client service capabilities and operational resources.

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Why Bullish?

The recruitment of experienced advisors likely boosts RJF's asset management and client service capabilities, thus potentially increasing revenue and market confidence. Historical trends show similar moves often lead to positive stock performance.

How important is it?

The article highlights key personnel changes that can significantly influence RJF's financial metrics and reputation. The substantial client assets brought by the new advisors indicate potential for revenue growth, making this development particularly important.

Why Short Term?

Immediate positive sentiment may affect stock prices shortly after the announcement, with longer-term impacts depending on performance metrics of the new advisors.

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St. Petersburg, Fla., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Raymond James (NYSE: RJF) recently welcomed five financial advisors with The Manning Companies (TMC) in San Diego to Raymond James Financial Services (RJFS) – the firm’s independent advisor channel – according to Casey McGee, Western assistant division director for RJFS. The advisors are Michael A. Manning, AIF®, MBA; William B. Corder, AIF®, CPFA®; Roger D. Groves, CLU®; Heather R. Nicholas, AIF®, CLTC®; and Richard Carlquist, CFP®, AIF®. Together, they provide wealth management to high-net-worth clients and retirement solutions for employers, employees and executives. They join from Commonwealth Financial Network, where they managed approximately $1.1 billion in client assets. “After a five-month deep dive on who we thought would be the best partner for our clients and the firm, Raymond James stood above the rest. We feel we ended up at one of the most prestigious, independent broker/dealer with an advisor-centric model and a robust platform of products and services to offer our clients. We couldn’t be more excited,” said Manning, CEO of TMC. Supporting the advisors are TMC’s Director of Operations Tina Emmet, Operations and Client Service Manager Camellia Perez-Hunter, and Office Manager and Marketing Coordinator Elizabeth Steffanic, who lead the group’s 10-member operations team. “It’s a privilege to welcome the advisors and associates of TMC to Raymond James,” said McGee. “They bring not only deep experience in retirement plan consulting and wealth management, but also a client-first approach that is deeply compatible with our own. With the backing of the firm’s robust private wealth resources and advanced technology, I’m confident they’ll continue to deliver a high level of service for the clients and organizations they serve.” 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. The Manning Companies is not a registered broker/dealer and is independent of Raymond James Financial Services. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.

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