Raymond James Adds $700 Million Truist Advisory Team in Florida as Hiring Continues

Three advisor moves show firms continuing to compete for established client relationships: Raymond James has recruited a Florida team that oversaw approximately $700 million in client assets at Truist, &Partners has added a Texas practice with $357 million in prehire assets, and Janney Montgomery Scott has brought a Miami advisor reporting more than $250 million in client assets. The firms are adding people with existing practices, planning work and regional ties, giving them a way to expand their reach while advisors gain access to new platforms and support.

Raymond James adds a Florida team

Lance Longwater and Christopher “Ryan” Haffey joined Raymond James & Associates as managing directors. The employee advisor channel’s South Atlantic regional director, Gregg Stupinski, announced the hires. The team will operate as the Longwater Haffey Group of Raymond James, with senior registered client service associate Traci Havens supporting its work.

The group provides financial planning and customized investment strategies to individuals, families and institutions. Its recognition among Forbes’ best-in-state wealth teams this year offers a marker of its standing before the move. The client asset figure gives a sense of the practice’s scale, though it does not specify how much of that business will remain with the advisors after the transition.

Longwater has more than 26 years of industry experience, including 14 years at Truist Investment Services. Haffey’s financial services registration history dates to 2000. In describing the decision, Longwater said the move would let the team build on the planning-centered service clients value while drawing on Raymond James’ resources and capabilities.

He also pointed to the firm’s AI-forward technology platform as support for the team’s service model. The comment puts technology in a practical role: tools may help advisors handle information and service needs, while the team’s stated priority remains attentive client relationships. The value of that setup will depend on how well the platform fits the group’s day-to-day work.

Read more: Raymond James taps Vanguard's chief architect to drive AI strategy

&Partners adds a Texas practice

Riseling Wealth Management, based in Dumas, Texas, joined &Partners with $357 million in prehire assets under management. Larry Riseling and his son Reid Riseling are partners and wealth advisors. Their son Craig Riseling works as a wealth management associate; senior client service associate Denise Meschke and client service associate Brooke Brown complete the team.

The practice focuses on investment management and retirement income planning for farm and ranch families, energy workers, retirees and multigenerational families. That mix ties its services to clients with varied income patterns and planning needs, including people whose work and assets may be connected to agriculture or energy.

Riseling is the 132nd practice to join &Partners and the fifth in October. Over the past two months, nine practices with approximately $7.4 billion in prehire assets have joined. At the end of the third quarter, &Partners reported $65 billion in assets. Those figures place the Riseling move within a wider expansion: one practice adds to a growing roster, while the firm’s reported asset base provides scale context. Prehire assets describe what practices brought before joining, so they should not be read as a direct measure of assets retained after a transition.

Read more: &Partners taps two UBS leaders to run its private wealth business

Janney expands in Miami

Christopher Manimbo joined Janney Montgomery Scott in Miami as senior vice president of wealth management. Thomas Fagan, a senior registered private client associate, moved with him. The team will also have a presence in Janney’s Fairfield, Connecticut office, linking its work to two locations.

Manimbo has nearly 20 years of financial services experience. He began as an investment banking analyst before becoming an advisor at Edward Jones. He said his practice centers on understanding client priorities and shaping wealth strategies around individual goals. Janney, he said, offers personalized support and resources as client needs change.

The Philadelphia-based firm said it has added 10 advisors in South Florida in recent years, across Miami, Boca Raton, Palm Beach and nearby communities. That regional pattern gives Manimbo’s arrival a broader context: the firm has been building its presence across a cluster of South Florida markets, while this team brings an established practice and an additional office connection.

For clients, the practical questions in each move are continuity of service, access to planning and investment resources, and how the team’s operating arrangements change. For the firms, the reported asset figures indicate the scale of the practices joining, while the longer-term contribution depends on client retention and the teams’ ability to carry their service models into a new organization.