Raymond James Financial(US:RJF) Yahoo Finance·2026-01-16 21:53Group 1 - A team of 10 advisors has left Raymond James & Associates to establish their own registered investment advisor, Cohen Capital Advisors, with Fidelity and Schwab as custodians [1][2] - The team, led by Benjamin Cohen, includes his father Michael Cohen and several other experienced professionals, indicating a strong leadership structure [2] - The advisors managed $1 billion in assets at Raymond James over approximately 12 years, highlighting their experience and client trust [3] Group 2 - The new firm aims to enhance its infrastructure by operating independently, allowing for better custodial and technology partnerships, improved reporting, and planning capabilities [4] - Raymond James announced the acquisition of Clark Capital Management Group, which has $46 billion in assets under management, expected to close in Q3 2026 [5]