Raymond James Monetary Providers, the first dealer/vendor of Raymond James, has lured one other Commonwealth Monetary Community crew forward of a transition interval for Commonwealth advisors now with LPL Monetary.
Monetary Methods Retirement Companions, a 12-advisor crew in Bedford, N.H., will be a part of Raymond James below the management of CEO and Managing Accomplice Shawn Monty and companions Al Gilbert and Sara Kenda. The group, which has 24 staff general, oversaw $2.8 billion in consumer belongings whereas at Commonwealth, comprising $1 billion in personal wealth belongings and $1.8 billion in employer-sponsored retirement plan belongings.
“We had been in search of a companion that helps independence, innovation and long-term development whereas enabling us to proceed delivering the personalised steerage our shoppers count on,” Monty stated in an announcement.
LPL closed its acquisition of Commonwealth in August 2025, however these advisors are nearing the deadline to transition to LPL’s platforms on the finish of this 12 months, in keeping with prior statements from the IBD.
St. Petersburg, Fla.-based Raymond James has been one of many extra lively recruiters of former Commonwealth advisors. The agency has additionally boosted its recruitment spending over the previous 12 months, in keeping with latest earnings reviews.
Monty of FSRP started his profession in 1985 and had been with Commonwealth for 31 years. Gilbert co-founded FSRP with Monty in 2007 and had been with Commonwealth for 19 years, in keeping with BrokerCheck. Kenda joined FSRP in 2018 and has over 25 years of expertise, together with eight years with Commonwealth.
Different lively dealer/sellers within the Commonwealth recruiting push embrace Arkadios Capital, Cetera, and Kestra Monetary. As well as, some Commonwealth advisors have arrange on their very own as registered funding advisors, together with Kintra Wealth, which includes six prior Commonwealth corporations that linked as much as create a $4 billion platform open to different joiners.
Advantage Monetary Advisors, an RIA acquirer that has received over quite a few Commonwealth advisors, introduced earlier this month that it had made Advisor360 a supported wealth know-how platform for its advisors—a platform initially created at Commonwealth that advisors had been utilizing for years.
