No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 31, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Financial Planning

Commonwealth advisors head to Raymond James, Cetera

by TheAdviserMagazine
3 weeks ago
in Financial Planning
Reading Time: 2 mins read
A A
Commonwealth advisors head to Raymond James, Cetera
Share on FacebookShare on TwitterShare on LInkedIn



Raymond James keeps going to the Commonwealth Financial Network pulling up AUM and large advisor teams.

The Manning Companies, a five-advisor group in San Diego, California, has joined Raymond James Financial Services, the firm’s channel for independent advisors. The advisors had previously managed $1.1 billion at Commonwealth Financial Network.

Commonwealth has seen quite a few large teams head for the door since it was bought in August by its former industry rival LPL Financial. Easily one of the biggest beneficiaries of those departures has been Raymond James, which has announced teams recruited from Commonwealth virtually every week since the purchase deal closed.

Separately this week, Raymond James announced it had gone to Commonwealth again to pull over a firm named Pioneer Valley Financial Group. The six-person team had previously managed $660 million in Ludlow, Massachusetts.

The team is led by Edward Sokolowski, who started in 1992 at Equitable and moved to Commonwealth in 1999.

A big question hanging over the acquisition of Commonwealth has been how many of the firm’s advisors and how much of its assets under management LPL will be able to retain. LPL has set itself the ambitious goal of transferring over 90% of the 2,900 advisors and $285 billion in assets the Commonwealth had when the purchase plans were announced.

In a recent report, the industry analyst Steven Chubak of Wolfe Research said Commonwealth appears to have lost about 5% of its headcount since the LPL purchase. Chubak expressed optimism LPL would meet its retention goal.

“Our team has been monitoring [Commonwealth] trends quite closely, and while [Commonwealth] attrition has picked up these last three months, that’s consistent with prior deal seasonality where attrition accelerates 3 to 6 months post announcement,” Chubak wrote. 

Meanwhile, Raymond James announced it’s boosting its channel for independent advisors with an 11-advisor team recruited from Equitable Advisors. The members of Southwest Wealth Strategies had formerly managed $850 million at Equitable Advisors, which came in at the No. 9 spot in Financial Planning’s ranking of the largest independent broker-dealers by revenue. Southwest Wealth Strategies has its headquarters in Scottsdale, Arizona, and offices in Las Vegas, Nevada; Albuquerque, New Mexico; and Bozeman, Montana.

The team is led by managing partner John Arnold and senior partners Ray Dimuzio, Mark Asher, Chris Lanier, Ben Miles and Nick Obie. 

Equitable Advisors, based in New York, is the wealth management arm of Equitable Financial Life Insurance. Its parent company is Equitable Holdings, which was spun off from the French insurer AXA in 2018 and which now also has a controlling stake in the research and private wealth firm AllianceBernstein. Equitable Advisors has more than $100 billion in assets under administration and roughly 4,500 financial professionals in the U.S.

Raymond James, which came in at the No. 5 spot in this year’s IBD Elite ranking, had 8,787 advisors when it last reported a headcount, in October 2024. Of those, 3,826 were direct employees and 4,961 were independent contractors.



Source link

Tags: advisorsCeteraCommonwealthJamesRaymond
ShareTweetShare
Previous Post

Gavin Newsom flexes his own ‘MAHA’ plan as he moves to crack down on ultraprocessed foods in school lunch

Next Post

Small Personal Loans: How to Get a $1,000 Loan or Less

Related Posts

edit post
Importance of Critical Illness Insurance: Is it Worth the Investment?

Importance of Critical Illness Insurance: Is it Worth the Investment?

by TheAdviserMagazine
October 31, 2025
0

A serious diagnosis can change the rhythm of a family’s life. Treatment needs attention. Work may pause. Routine bills still...

edit post
How a Personal Finance Expert Leverages Holiday Sales for Household Necessities

How a Personal Finance Expert Leverages Holiday Sales for Household Necessities

by TheAdviserMagazine
October 31, 2025
0

This fall, multiple appliances in my home announced they were done: A water line inside my washer broke, my dryer...

edit post
Commonwealth advisors leave for Cetera, Osaic, Raymond James

Commonwealth advisors leave for Cetera, Osaic, Raymond James

by TheAdviserMagazine
October 30, 2025
0

Commonwealth Financial Network advisors keep voting with their feet, moving to firms like Cetera, Osaic and Raymond James rather than...

edit post
Meat and Potato Crust Quiche with Flax Muffins ( Family Dinner Idea)

Meat and Potato Crust Quiche with Flax Muffins ($10 Family Dinner Idea)

by TheAdviserMagazine
October 30, 2025
0

Looking for a hearty, budget-friendly meal that the whole family will love? This meat and potato crust quiche with fluffy flax...

edit post
Six missing AI capabilities holding financial advisors back

Six missing AI capabilities holding financial advisors back

by TheAdviserMagazine
October 30, 2025
0

Artificial intelligence tools are projected to radically alter the wealth management industry, with new platforms promising to help advisors expedite...

edit post
Ameriprise Q3 earnings rise despite RIA losses

Ameriprise Q3 earnings rise despite RIA losses

by TheAdviserMagazine
October 30, 2025
0

It's unclear how Fifth Third Bank's pending $11 billion acquisition of Comerica Bank could affect the seller's wealth management services...

Next Post
edit post
Small Personal Loans: How to Get a ,000 Loan or Less

Small Personal Loans: How to Get a $1,000 Loan or Less

edit post
Part-Time Gig Work Might Reduce Social Security Instead of Boosting It

Part-Time Gig Work Might Reduce Social Security Instead of Boosting It

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
The 3 Most Common Landlord Insurance Claims and How to Prevent Them

The 3 Most Common Landlord Insurance Claims and How to Prevent Them

0
edit post
Three billionaires dropped by a fried-chicken joint—and Jensen Huang bought everyone dinner

Three billionaires dropped by a fried-chicken joint—and Jensen Huang bought everyone dinner

0
edit post
Getting Started: How to Browse Listings

Getting Started: How to Browse Listings

0
edit post
High Dividend 50: Delek Logistics Partners

High Dividend 50: Delek Logistics Partners

0
edit post
Trust Government Statistics, Not Government

Trust Government Statistics, Not Government

0
edit post
OpenSea Once Again Tops The NFT Marketplace Chart In October

OpenSea Once Again Tops The NFT Marketplace Chart In October

0
edit post
Three billionaires dropped by a fried-chicken joint—and Jensen Huang bought everyone dinner

Three billionaires dropped by a fried-chicken joint—and Jensen Huang bought everyone dinner

October 31, 2025
edit post
Getting Started: How to Browse Listings

Getting Started: How to Browse Listings

October 31, 2025
edit post
Tattd gave four TechCrunch writers tattoos at Startup Battlefield

Tattd gave four TechCrunch writers tattoos at Startup Battlefield

October 31, 2025
edit post
Getting Started: Buying Formats and Payments

Getting Started: Buying Formats and Payments

October 31, 2025
edit post
Best 7 Home Warranty Companies for Seniors: How to Choose One

Best 7 Home Warranty Companies for Seniors: How to Choose One

October 31, 2025
edit post
Importance of Critical Illness Insurance: Is it Worth the Investment?

Importance of Critical Illness Insurance: Is it Worth the Investment?

October 31, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Three billionaires dropped by a fried-chicken joint—and Jensen Huang bought everyone dinner
  • Getting Started: How to Browse Listings
  • Tattd gave four TechCrunch writers tattoos at Startup Battlefield
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.