Raymond James acquires $5.4 billion adviser team from Comerica

Raymond James added a trio of senior wealth‑management advisors—Cory Matsumoto, Rey Carandang and Genae Affrunti—to its Newport Beach, California employee‑advisor channel. The advisors arrived from Comerica, where they managed roughly $5.4 billion in client assets, and will operate as the Capital Reserve Group of Raymond James. Additional staff, Julia Bica and Brian Toyama, also moved to the firm.

The move follows Raymond James’ recent recruitment of KWM Wealth Advisory from Stifel and comes as the firm reports a record‑setting recruiting year. CEO Paul Shoukry said the firm’s “strength in retaining and attracting high‑quality advisors reflects our differentiated value proposition.” Matsumoto said, “After an extensive evaluation of the marketplace, Raymond James distinguished itself through its institutional capabilities, nationally recognized fixed income platform, financial strength and long‑term commitment to advisor independence.”