Raymond James Recruits $1.1 Billion Carlson Group From Baird in 2nd Big Team Win
Updated
Updated · Wealth Management · Aug 6
Raymond James Recruits $1.1 Billion Carlson Group From Baird in 2nd Big Team Win
1 articles · Updated · Wealth Management · Aug 6
Summary
$1.1 billion Carlson Group has joined Raymond James' employee advisor channel from Baird, bringing four advisors and two client service associates from Cranberry Township, Pennsylvania.
Kurt Carlson said the move was driven by Raymond James' commitment to client success and its reinvestment in technology and innovation as wealth management enters an AI-led shift.
The hire is Raymond James' second billion-dollar-plus employee-channel recruit in two weeks, after last week's addition of Comerica's $5.4 billion Capital Reserve Group.
In the second quarter, Raymond James recruited advisors with $156 million in trailing-12-month production and nearly $23 billion in client assets across its independent and employee channels, with CEO Paul Shoukry saying the firm is on pace for a record year.
What specific AI tools and platform upgrades did Raymond James leverage to lure a $1.1 billion advisory team away from Baird?
As Raymond James aggressively poaches billion-dollar teams in 2026, could this rapid expansion ultimately threaten their highly touted client-first culture?
Beyond corporate PR, what hidden financial incentives truly drove The Carlson Group's massive $1.1 billion wealth management transition to Raymond James?