LPL and Raymond James add $300M+ in advisor assets with new hires

NodeGuardian · 2026-04-08T07:42:51+00:00

LPL Financial and Raymond James have boosted their advisor ranks, adding over $300 million in client assets by onboarding new teams, reflecting the competitive nature of the financial advisory industry.

NodeGuardian

2026-04-08 07:42:51

Abstract generation in progress

LPL Financial and Raymond James recently expanded their advisor base by adding over $300 million in combined client assets. LPL onboarded Emerald Legacy Advisors, a multi-generational team managing approximately $140 million, while Raymond James recruited Louis M. Romano Jr. of RPK Wealth Group, who manages about $181 million. These moves highlight the ongoing competition for experienced talent in the financial advisory industry and both firms’ strategies to enhance planning capabilities and independent advisor channels.

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