A staff of advisors in Chicago has left Raymond James & Associates, the agency’s worker channel, to launch their very own registered funding advisor. The ten-person staff, led by managing accomplice Benjamin Cohen, has created Cohen Capital Advisors, and chosen Constancy and Schwab as custodians, in response to regulatory filings.
Benjamin Cohen is joined by his father, Michael Cohen, founding chairman of the brand new RIA; James Appel, senior vp, investments; John Postel, managing director, investments; John Crain, monetary advisor; Erika Wolek, senior vp, monetary planning; and Molly Dierks, managing director and COO. Different employees members embody senior shopper service associates Camille Johnson and Matt Tienda, and Operations Specialist Sara Munoz.
The staff was with Raymond James for about 12 years and managed $1 billion in property on the brokerage, in response to Forbes’ 2025 Greatest-In-State Wealth Advisors rating.
“This transition permits us to improve the infrastructure that helps you,” in response to the brand new agency’s web site. “By working independently, we are able to select best-in-class custodial and know-how companions, enhance reporting and planning capabilities, and take away platform constraints — all whereas preserving your relationship and technique precisely the identical.”
Cohen Capital and a Raymond James spokesperson didn’t instantly return requests for remark.
Raymond James introduced Thursday that its asset administration subsidiary agreed to accumulate Clark Capital Administration Group, a Philadelphia-based asset supervisor with $46 billion in property beneath administration. The corporations anticipate the deal to shut within the third quarter of 2026.
