Raymond James welcomed five financial advisors from The Manning Companies, enhancing its independent advisory channel with their wealth management expertise.
Quiver AI Summary
Raymond James has announced the addition of five financial advisors from The Manning Companies (TMC) in San Diego to its independent advisor channel, Raymond James Financial Services (RJFS). The team, consisting of Michael A. Manning, William B. Corder, Roger D. Groves, Heather R. Nicholas, and Richard Carlquist, brings extensive wealth management and retirement solutions expertise, previously managing approximately $1.1 billion in client assets at Commonwealth Financial Network. Manning, TMC's CEO, expressed enthusiasm for joining Raymond James, highlighting the firm's advisor-centric model and comprehensive resources. The advisors are supported by a dedicated operations team, and Raymond James's Western assistant division director praised the new team's client-first approach, anticipating their continued high level of service with the firm's advanced support.
Potential Positives
- Raymond James expanded its independent advisor channel by welcoming five experienced financial advisors from The Manning Companies, enhancing its wealth management capabilities.
- The addition of TMC, which managed approximately $1.1 billion in client assets, strengthens Raymond James' client base and overall asset management profile.
- The advisors' high-net-worth client and retirement solutions focus aligns with Raymond James’ service offerings, supporting a client-first philosophy.
- The integration of TMC's experienced team complements Raymond James' existing resources and technology, promising improved service delivery for clients.
Potential Negatives
- While the press release highlights the addition of experienced financial advisors, it may raise concerns about the retention of existing clients at Commonwealth Financial Network, indicating potential instability or dissatisfaction among their advisors.
- The shift of advisors managing approximately $1.1 billion in client assets from a competitor could reflect negatively on Raymond James' previous strategy or offerings, suggesting that the firm was unable to retain or attract advisors independently.
- The focus on an advisor-centric model and robust platform may imply that previous offerings were insufficient, necessitating this recruitment effort to enhance their competitive position.
FAQ
Who are the new financial advisors joining Raymond James?
The new financial advisors are Michael A. Manning, William B. Corder, Roger D. Groves, Heather R. Nicholas, and Richard Carlquist.
From which firm are the advisors transitioning to Raymond James?
The advisors are transitioning from Commonwealth Financial Network, where they managed $1.1 billion in client assets.
What services do the Manning Companies provide?
The Manning Companies provide wealth management and retirement solutions for high-net-worth clients, employers, employees, and executives.
What motivated the Manning Companies to choose Raymond James?
They chose Raymond James for its prestigious, independent broker/dealer model and robust product and service offerings.
What is Raymond James Financial Services?
Raymond James Financial Services is a financial services firm supporting independent financial advisors across the nation, offering a wide range of investment services.
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 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 405 institutional investors add shares of $RJF stock to their portfolio, and 375 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
- AMERICAN CENTURY COMPANIES INC added 442,340 shares (+179.8%) to their portfolio in Q2 2025, for an estimated $67,841,685
- QUBE RESEARCH & TECHNOLOGIES LTD removed 414,154 shares (-44.3%) from their portfolio in Q2 2025, for an estimated $63,518,798
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 1 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 10/09/2025
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 9 analysts offer price targets for $RJF in the last 6 months, with a median target of $180.0.
Here are some recent targets:
- Devin Ryan from JMP Securities set a target price of $185.0 on 10/09/2025
- Ken Worthington from JP Morgan set a target price of $178.0 on 10/07/2025
- Brennan Hawken from BMO Capital set a target price of $180.0 on 10/03/2025
- Michael Cyprys from Morgan Stanley set a target price of $184.0 on 10/01/2025
- Christopher Allen from Citigroup set a target price of $180.0 on 09/22/2025
- Kyle Voigt from Keefe, Bruyette & Woods set a target price of $170.0 on 07/24/2025
- Michael Brown from Wells Fargo set a target price of $163.0 on 07/11/2025
Full Release
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 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 $1.69 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.
