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New Jersey Financial News
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Wells Fargo’s Naples Win Shows Advisor Recruiting Is A Channel-by-Channel Fight
Wealth Management Charles Cooke 6/12/26 Wealth Management Charles Cooke 6/12/26

Wells Fargo’s Naples Win Shows Advisor Recruiting Is A Channel-by-Channel Fight

Wells Fargo added Douglas DiGiorno from UBS in Naples as Raymond James and JPMorgan also made major advisor moves.

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Raymond James Expands AI, But Its CEO Says Advisors Still Win On Trust
Wealth Management Charles Cooke 6/11/26 Wealth Management Charles Cooke 6/11/26

Raymond James Expands AI, But Its CEO Says Advisors Still Win On Trust

Raymond James is expanding Rai access, but CEO Paul Shoukry says advisor-client relationships still matter more than any AI bot.

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Rai Shows Raymond James Wants AI To Fix The Advisor Workflow Problem
Wealth Management Charles Cooke 6/10/26 Wealth Management Charles Cooke 6/10/26

Rai Shows Raymond James Wants AI To Fix The Advisor Workflow Problem

Raymond James launched Rai, a proprietary AI operations agent, as wealth firms race to improve advisor service and governance.

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Raymond James Loses Two Independent-Channel Leaders As Osaic Hires Shannon Reid
Wealth Management Charles Cooke 6/9/26 Wealth Management Charles Cooke 6/9/26

Raymond James Loses Two Independent-Channel Leaders As Osaic Hires Shannon Reid

Osaic hired Shannon Reid from Raymond James as president and advisor-growth head, while Alex David left Raymond James for Equity Services.

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Osaic, Raymond James And LPL Are Chasing Advisors With Three Different Offers
Wealth Management Charles Cooke 6/8/26 Wealth Management Charles Cooke 6/8/26

Osaic, Raymond James And LPL Are Chasing Advisors With Three Different Offers

Osaic, Raymond James and LPL added advisor recruits as firms compete on W-2 support, independent channels and planning-led platforms.


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LPL’s Commonwealth Retention Target Faces Its First Real Stress Test
Wealth Management Charles Cooke 6/4/26 Wealth Management Charles Cooke 6/4/26

LPL’s Commonwealth Retention Target Faces Its First Real Stress Test

A Wolfe Research analyst says LPL still has a credible path to retaining 90% of Commonwealth advisors despite rising attrition.

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The 2025 Advisor Recruiting Scoreboard Has Two Clear Winners
Wealth Management Charles Cooke 6/3/26 Wealth Management Charles Cooke 6/3/26

The 2025 Advisor Recruiting Scoreboard Has Two Clear Winners

LPL and Raymond James led 2025 advisor recruiting gains, while Bank of America, Osaic, Fidelity and UBS posted net advisor losses.

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Commonwealth Advisors Become The Prize In A Broker-Dealer Recruiting Fight
Wealth Management Charles Cooke 6/3/26 Wealth Management Charles Cooke 6/3/26

Commonwealth Advisors Become The Prize In A Broker-Dealer Recruiting Fight

Big broker-dealers are pursuing Commonwealth advisors after LPL’s $2.7B deal, turning retention into a major industry fight.

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LPL And Raymond James Are Winning Advisors With Two Very Different Pitches
Wealth Management Charles Cooke 5/29/26 Wealth Management Charles Cooke 5/29/26

LPL And Raymond James Are Winning Advisors With Two Very Different Pitches

LPL added True Compass Advisors from Kestra, while Raymond James recruited Reece Nichols from Edward Jones in the latest advisor moves.

Category: Wealth Management

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Osaic’s $1.5B Gateway Move Shows The W-2 Advisor Model Is Gaining Ground
Charles Cooke 5/28/26 Charles Cooke 5/28/26

Osaic’s $1.5B Gateway Move Shows The W-2 Advisor Model Is Gaining Ground

Osaic moved Gateway Investments to its W-2 channel, while Raymond James and RBC added advisor teams from Merrill and UBS.

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Two Merrill Teams Combine At Wells Fargo FiNet In $1.4B Move
Wealth Management Charles Cooke 5/27/26 Wealth Management Charles Cooke 5/27/26

Two Merrill Teams Combine At Wells Fargo FiNet In $1.4B Move

Two Merrill teams combined at Wells Fargo FiNet, while Osaic and Raymond James added advisor teams in North Carolina and Kansas City.


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LPL’s $815M Emerald Wealth Win Shows Recruiting Is Getting More Personal
Wealth Management Charles Cooke 5/26/26 Wealth Management Charles Cooke 5/26/26

LPL’s $815M Emerald Wealth Win Shows Recruiting Is Getting More Personal

LPL added Emerald Wealth Management from Northwestern Mutual, while Raymond James and TritonPoint brought in advisor teams.


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Prairie Wealth Crosses $1B After McEwen Group Merger
Wealth Management Charles Cooke 5/26/26 Wealth Management Charles Cooke 5/26/26

Prairie Wealth Crosses $1B After McEwen Group Merger

Prairie Wealth Advisors crossed $1B in client assets after merging with The McEwen Group, while Raymond James added a Tucson advisor.

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LPL And Osaic Add Advisor Talent From Raymond James And Stifel
Wealth Management Charles Cooke 5/26/26 Wealth Management Charles Cooke 5/26/26

LPL And Osaic Add Advisor Talent From Raymond James And Stifel

LPL and Osaic added advisor talent from Raymond James and Stifel, bringing in teams tied to more than $1B in client assets.

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LPL, Raymond James And Brighton Jones Add Advisor Talent In Latest Recruiting Moves
Wealth Management Charles Cooke 5/26/26 Wealth Management Charles Cooke 5/26/26

LPL, Raymond James And Brighton Jones Add Advisor Talent In Latest Recruiting Moves

LPL, Raymond James and Brighton Jones added advisor talent through new team hires, employee-channel recruiting and Midwest expansion.

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LPL Lands $1B Ameriprise Team As Cetera And Raymond James Add Advisors
Wealth Management Charles Cooke 5/26/26 Wealth Management Charles Cooke 5/26/26

LPL Lands $1B Ameriprise Team As Cetera And Raymond James Add Advisors

LPL added Cebert Wealth Advisors from Ameriprise, while Cetera and Raymond James announced more advisor moves across several markets.

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Raymond James And Ameriprise Add Advisor Teams With Nearly $285M In Assets
Wealth Management Charles Cooke 5/25/26 Wealth Management Charles Cooke 5/25/26

Raymond James And Ameriprise Add Advisor Teams With Nearly $285M In Assets

Raymond James and Ameriprise added advisor practices overseeing nearly $285M, expanding wealth teams tied to FNBO and The Atlantic Group.

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