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Stocks•17 July 2026•

1 min read

Raymond James Recruits $5.5B Wealth Team from Comerica

Key Facts

1Raymond James recruited 'The Capital Reserve Group,' a team managing $5.5 billion in assets from Comerica.

2The joining team generates approximately $6 million in annual revenue and was previously with Comerica Inc.

3The move follows Fifth Third's acquisition of Comerica's business and the transition of advisor platforms.

In a move highlighting the ongoing talent war in the wealth management sector, Raymond James has successfully recruited 'The Capital Reserve Group,' a team managing $5.5 billion in assets. According to reports, the team generates approximately $6 million in annual revenue and was previously affiliated with Comerica Inc. This transition follows Fifth Third's acquisition of Comerica's business and the subsequent migration of advisor platforms.

This recruitment underscores the intensifying competition between regional banks and independent wealth managers as Raymond James expands its California footprint. Per market data, peer firm Fifth Third (FITB) saw its stock close at $59.37 on July 16, 2026. The move is indicative of broader industry consolidation trends where advisor teams often seek new platforms following major corporate mergers and platform shifts in the banking sector.

Investors are now monitoring Raymond James's ability to integrate these substantial assets, with RJF shares closing at $169.7 on July 16, 2026. Looking ahead, the financial sector remains sensitive to macroeconomic indicators; notably, the U.S. Inflation Rate was reported at 3.5% YoY as of July 14, 2026. These broader economic conditions will likely influence asset management valuations and client sentiment in the coming weeks.