Raymond James welcomes three financial advisors from Commonwealth Financial Network, enhancing its independent advisor channel.
Quiver AI Summary
Raymond James Financial Services (RJFS) recently announced the addition of financial advisors Charlene Dolan, Danielle Holmes, and John MacDonald, who previously managed over $120 million in client assets at Commonwealth Financial Network. Based in Amesbury, Massachusetts, the newly formed Linden Financial Group aims to provide comprehensive financial planning and investment management while prioritizing client relationships through empathy and transparency. Dolan has 27 years of industry experience and is a CERTIFIED FINANCIAL PLANNER®, Holmes has 18 years of experience with a background in behavioral finance, and MacDonald brings over nine years of experience in the field. Raymond James, a leading financial services firm, supports independent advisors nationwide, managing approximately $1.64 trillion in client assets as of mid-2025.
Potential Positives
- Raymond James Financial Services has successfully recruited a team of experienced financial advisors, enhancing its independent advisor channel with new talent.
- The new team, Linden Financial Group, brings over $120 million in managed client assets, which could significantly contribute to Raymond James' overall client asset base.
- The advisors' commitment to a client-focused approach aligns with Raymond James' values, potentially enhancing client satisfaction and loyalty.
- With a collective experience of over 54 years in the financial industry, the new advisors add substantial expertise to Raymond James, strengthening its advisory capabilities.
Potential Negatives
- Raymond James’ acquisition of the team from Commonwealth Financial Network could indicate a potential loss of client trust for Commonwealth, reflecting negatively on Raymond James by association.
- The need to highlight the advisors' extensive experience and certifications may suggest the firm feels it needs to bolster its reputation in light of competition.
- The press release makes a note that the new team manages over $120 million in client assets, but does not disclose the assets’ performance under their previous firm, which could raise concerns about their investment strategies.
FAQ
Who are the new financial advisors joining Raymond James?
The new advisors are Charlene Dolan, Danielle Holmes, and John MacDonald, all experienced professionals in financial services.
What is the background of the new advisors?
They come from Commonwealth Financial Network and possess extensive experience, managing over $120 million in client assets.
What services does Linden Financial Group provide?
Linden Financial Group offers comprehensive financial planning and investment management guidance to its clients.
What are Raymond James Financial Services' core values?
Raymond James emphasizes empathy, transparency, and building enduring client relationships, which mirror the new advisors' principles.
What is the total client asset under Raymond James as of mid-2025?
As of June 30, 2025, Raymond James has approximately $1.64 trillion in total client assets.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RJF Congressional Stock Trading
Members of Congress have traded $RJF stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $RJF stock by members of Congress over the last 6 months:
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 04/07.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$RJF Insider Trading Activity
$RJF insiders have traded $RJF stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $RJF stock by insiders over the last 6 months:
- BELLA LOYKHTER ALLAIRE (Chief Admin Officer) sold 6,570 shares for an estimated $963,227
- JAMES E BUNN (President, Capital Markets) sold 3,650 shares for an estimated $498,183
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RJF Hedge Fund Activity
We have seen 412 institutional investors add shares of $RJF stock to their portfolio, and 438 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 1,651,380 shares (+41.6%) to their portfolio in Q2 2025, for an estimated $253,272,150
- AGF MANAGEMENT LTD removed 1,621,549 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $248,696,970
- VICTORY CAPITAL MANAGEMENT INC added 956,234 shares (+50.8%) to their portfolio in Q2 2025, for an estimated $146,657,608
- INVESCO LTD. removed 760,263 shares (-26.2%) from their portfolio in Q2 2025, for an estimated $116,601,536
- FIRST TRUST ADVISORS LP added 709,315 shares (+39.9%) to their portfolio in Q2 2025, for an estimated $108,787,641
- GAMMA INVESTING LLC removed 669,485 shares (-99.2%) from their portfolio in Q2 2025, for an estimated $102,678,914
- SELECT EQUITY GROUP, L.P. removed 525,404 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $72,983,869
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RJF Analyst Ratings
Wall Street analysts have issued reports on $RJF in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 04/24/2025
- Goldman Sachs issued a "Buy" rating on 04/03/2025
To track analyst ratings and price targets for $RJF, check out Quiver Quantitative's $RJF forecast page.
$RJF Price Targets
Multiple analysts have issued price targets for $RJF recently. We have seen 8 analysts offer price targets for $RJF in the last 6 months, with a median target of $172.5.
Here are some recent targets:
- Michael Cho from JP Morgan set a target price of $172.0 on 07/24/2025
- Kyle Voigt from Keefe, Bruyette & Woods set a target price of $170.0 on 07/24/2025
- Michael Cyprys from Morgan Stanley set a target price of $180.0 on 07/15/2025
- Brian Fitzgerald from JMP Securities set a target price of $180.0 on 07/14/2025
- Michael Brown from Wells Fargo set a target price of $163.0 on 07/11/2025
- Christopher Allen from Citigroup set a target price of $165.0 on 07/07/2025
- Alexander Blostein from Goldman Sachs set a target price of $173.0 on 04/03/2025
Full Release
St. Petersburg, Fla., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Raymond James (NYSE: RJF) recently welcomed financial advisors Charlene Dolan, CFP ® , AIF ® , Danielle Holmes, CRPC ® , AIF ® , and John MacDonald, ChFC ® , AIF ® , to Raymond James Financial Services (RJFS) – the firm’s independent advisor channel – according to Alex David, Northeast divisional director for RJFS.
The team arrives from Commonwealth Financial Network, where they managed over $120 million in client assets. As Linden Financial Group , based in Amesbury, Massachusetts, they provide comprehensive financial planning and investment management guidance.
“Our approach is grounded in empathy, transparency, and building enduring client relationships—principles that align seamlessly with the values upheld by Raymond James,” said Dolan. “The firm’s blend of high-touch support and leading-edge technology allows us to elevate the client experience in a truly personal and powerful way.”
Dolan has been affiliated with Commonwealth since 2000 and brings 27 years of industry experience to her advisory role. Her experience is backed by an undergraduate degree from the University of Massachusetts Amherst in addition to the CERTIFIED FINANCIAL PLANNER® and Accredited Investment Fiduciary ® designations.
Holmes began her career in 1994, most recently affiliated with Commonwealth for over 12 years. Her 18 years of professional experience are backed by a bachelor’s degree in behavioral finance from the University of Massachusetts Amherst in addition to the Chartered Retirement Planning Counselor TM and Accredited Investment Fiduciary ® designations.
MacDonald offers more than nine years of industry experience accrued at Commonwealth. He studied management at North Shore Community College and holds the Chartered Financial Consultant ® and Accredited Investment Fiduciary ® designations.
About Raymond James Financial Services
Raymond 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 $1.64 trillion as of June 30, 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. Linden Financial Group is not a registered broker/dealer and is independent of Raymond James Financial Services.
