Raymond James adds advisors managing $190 million to independent channel

ST. PETERSBURG, Fla. - Raymond James Financial Services (RJFS), a division of the $36 billion market cap financial services firm, has recruited financial advisors Aaron Mabon and Summer Deal to its independent advisor channel, according to a company press release issued Tuesday. The company’s stock (NYSE:RJF) has been trading near its 52-week high, reflecting strong market confidence in its growth strategy.

The advisors, who previously worked with Commonwealth Financial Network, have established True North Wealth Advisors in LaGrange, Georgia. They managed approximately $190 million in client assets at their former firm and bring a combined 33 years of industry experience.

Mabon and Deal specialize in retirement planning and investment management, primarily serving business owners, women investors and pre-retirees. They are joined by Office Manager Lisa Ray in the new practice.

Mabon, who began his advisory career in 2009 after working as a sales manager, spent 12 years at Commonwealth. He holds a bachelor’s degree in finance from Mercer University.

Deal entered the financial services industry in 2009 and became an advisor the following year. She earned a bachelor’s degree in business with a focus on finance from Auburn University.

"Raymond James’ depth of sophisticated resources and unique culture allow us to stay true to our founding principles," Mabon said in the statement.

Raymond James Financial (NYSE:RJF) operates through various subsidiaries including Raymond James Financial Services and Raymond James & Associates. The company reported approximately $1.65 trillion in total client assets as of July 31, 2025.

In other recent news, Raymond James Financial has announced the pricing of a $1.5 billion registered public offering of senior notes, divided into two tranches. The offering includes $650 million in 4.900% senior notes due in 2035 and $850 million in 5.650% senior notes due in 2055. Additionally, Raymond James has appointed David Solganik as the head of AI strategy, aiming to leverage artificial intelligence to enhance growth and client experience across its businesses. In terms of stock analysis, JMP analyst Devin Ryan has reiterated a Market Outperform rating for Raymond James, maintaining a price target of $180.00 after recent discussions with the company’s senior management. The firm also declared a quarterly cash dividend of $0.50 per share, payable on October 15, 2025, along with a dividend for its preferred stock. Furthermore, Raymond James Financial Services has expanded its team by adding advisors Leo Boisvert and Erik Heben, who managed approximately $210 million in client assets at their previous firm. These developments reflect Raymond James’ ongoing strategic initiatives and financial activities.

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