Raymond James Acquires $5.4 Billion Wealth Management Team from Comerica
Raymond James has added three senior wealth advisors—Cory Matsumoto, Rey Carandang, and Genae Affrunti—from Comerica to its employee advisor channel in Newport Beach, California. The team manages over $5.4 billion in client assets and joins as part of the Capital Reserve Group under Raymond James & Associates. This move follows a recent acquisition by Fifth Third Bank earlier this year that led to their departure from Comerica. The advisors bring extensive experience with Matsumoto having spent 20 years at Comerica, Carandang 14 years, and Affrunti 12 years. Raymond James has been actively expanding its advisor base in recent months, including the recruitment of a $1 billion team from Stifel last week. CEO Paul Shoukry highlighted that this trend reflects strong demand for the firm’s unique combination of culture and capabilities. Raymond James reported adding advisors with nearly $23 billion in client assets during Q2 2026, reinforcing its strategy to attract high-quality talent through institutional strength and advisor independence.
Topics: Advisory Teams Comerica Raymond James Wealth Management