Raymond James Recruits $700 Million Truist Advisor Duo in Florida as Rival Firms Add $607 Million
Updated
Updated · InvestmentNews · Oct 30
Raymond James Recruits $700 Million Truist Advisor Duo in Florida as Rival Firms Add $607 Million
1 articles · Updated · InvestmentNews · Oct 30
Summary
$700 million in client assets moved to Raymond James as Florida advisors Lance Longwater and Christopher Haffey left Truist to join Raymond James & Associates as managing directors.
The pair said they chose Raymond James for broader resources and an AI-forward platform while keeping a planning-centered, relationship-driven approach; they now operate as the Longwater Haffey Group with Traci Havens.
Longwater brings more than 26 years in the industry, including 14 at Truist, and Haffey's registration record dates to 2000; the team was named among Forbes' best-in-state wealth teams this year.
Advisor recruiting stayed active across the industry, with &Partners adding Edward Jones-linked Riseling Wealth Management in Texas with $357 million and Janney Montgomery Scott hiring Christopher Manimbo in Miami with more than $250 million.
Why are veteran advisors bringing more than $1.3 billion to Raymond James, &Partners, and Janney—and what do these firms offer that incumbents do not?
Do these October advisor moves signal a deeper shift away from giants like Truist and Edward Jones, or just routine reshuffling in wealth management?
As Florida and Texas heat up for advisor recruiting, which matters more to top teams: technology, flexibility, or preserving a planning-first client model?