Raymond James Financial (NYSE:RJF) has significantly bolstered its independent advisor channel, Raymond James Financial Services (RJFS), with the addition of a 16-member advisory team. Led by Thomas C. Rapp, Ronald J. Greenberg, and Patrick Maguire, the team, formerly affiliated with M Financial Group, brings approximately $1.8 billion in client assets under management.
Operating from strategic locations in Morristown, New Jersey, and West Palm Beach, Florida, the team specializes in catering to the complex financial needs of ultra-high-net-worth families. Their expertise lies in private placement life insurance, private placement variable annuities, and the implementation of sophisticated wealth management strategies. The group comprises 14 seasoned financial professionals, supported by a dedicated team of over 15 investment and branch specialists.
This strategic acquisition further enhances Raymond James’s wealth management capabilities. As of June 30, 2025, the firm boasts approximately $1.64 trillion in total client assets.
Raymond James Financial (NYSE:RJF) ha integrato un importante team di consulenti finanziari nel proprio canale per consulenti indipendenti, Raymond James Financial Services (RJFS). Il gruppo di 16 membri, guidato da Thomas C. Rapp, Ronald J. Greenberg e Patrick Maguire, gestiva in precedenza circa $1.8 billion di attività dei clienti presso M Financial Group.
Il team, che opera dagli uffici di Morristown (New Jersey) e West Palm Beach (Florida), è specializzato nel servire famiglie ultra-high-net-worth tramite assicurazioni vita in collocamento privato, rendite variabili in collocamento privato e strategie di gestione patrimoniale sofisticate. Il gruppo include 14 professionisti finanziari senior ed è supportato da oltre 15 professionisti di investimento e di filiale.
Questa acquisizione strategica potenzia le capacità di wealth management di Raymond James, che al 30 giugno 2025 gestiva complessivamente circa $1.64 trillion di attivi dei clienti.
Raymond James Financial (NYSE:RJF) ha incorporado a un importante equipo de asesores financieros en su canal de asesores independientes, Raymond James Financial Services (RJFS). El equipo de 16 miembros, liderado por Thomas C. Rapp, Ronald J. Greenberg y Patrick Maguire, había gestionado anteriormente aproximadamente $1.8 billion en activos de clientes en M Financial Group.
El equipo, con oficinas en Morristown (Nueva Jersey) y West Palm Beach (Florida), se especializa en atender a familias de patrimonio neto ultraalto mediante seguros de vida en colocación privada, anualidades variables en colocación privada y estrategias de gestión patrimonial sofisticadas. El grupo incluye a 14 profesionales financieros senior y cuenta con el apoyo de más de 15 profesionales de inversión y de sucursal.
Esta incorporación estratégica refuerza las capacidades de gestión patrimonial de Raymond James, que al 30 de junio de 2025 administra un total aproximado de $1.64 trillion en activos de clientes.
Raymond James Financial (NYSE:RJF)이 독립 자문 채널인 Raymond James Financial Services(RJFS)에 중요한 재무 자문팀을 합류시켰습니다. Thomas C. Rapp, Ronald J. Greenberg, Patrick Maguire가 이끄는 16명으로 구성된 이 팀은 이전에 M Financial Group에서 약 $1.8 billion의 고객 자산을 관리해 왔습니다.
모리스타운(뉴저지)과 웨스트팜비치(플로리다)에 사무실을 둔 이 팀은 사모형 생명보험, 사모형 변액연금 및 정교한 자산관리 전략을 통해 초고액 자산가 가족을 주로 지원합니다. 그룹에는 14명의 선임 재무 전문가가 포함되어 있으며 15명 이상의 투자 및 지점 전문 인력이 지원합니다.
이번 전략적 합류는 Raymond James의 자산관리 역량을 강화하며, 회사는 2025년 6월 30일 기준 총 약 $1.64 trillion의 고객 자산을 관리하고 있습니다.
Raymond James Financial (NYSE:RJF) a intégré une importante équipe de conseillers financiers à son réseau de conseillers indépendants, Raymond James Financial Services (RJFS). L’équipe de 16 personnes, dirigée par Thomas C. Rapp, Ronald J. Greenberg et Patrick Maguire, gérait auparavant environ $1.8 billion d’actifs clients chez M Financial Group.
Opérant depuis des bureaux à Morristown (New Jersey) et West Palm Beach (Floride), l’équipe se spécialise dans l’accompagnement de familles ultra-fortunées via des assurances vie en placement privé, des rentes variables en placement privé et des stratégies de gestion patrimoniale sophistiquées. Le groupe comprend 14 professionnels financiers seniors et est soutenu par plus de 15 professionnels de l’investissement et d’agence.
Cette intégration stratégique renforce les capacités de gestion de patrimoine de Raymond James, la société gérant au 30 juin 2025 un total d’environ $1.64 trillion d’actifs clients.
Raymond James Financial (NYSE:RJF) hat ein bedeutendes Team von Finanzberatern in seinen Kanal für unabhängige Berater, Raymond James Financial Services (RJFS), aufgenommen. Das 16-köpfige Team unter der Leitung von Thomas C. Rapp, Ronald J. Greenberg und Patrick Maguire betreute zuvor etwa $1.8 billion an Kundenvermögen bei M Financial Group.
Das Team, das von Büros in Morristown, New Jersey, und West Palm Beach, Florida, aus arbeitet, ist auf die Betreuung von Ultra-High-Net-Worth-Familien durch Private-Placement-Lebensversicherungen, Private-Placement-Variable-Annuities und anspruchsvolle Vermögensverwaltungsstrategien spezialisiert. Die Gruppe umfasst 14 Senior-Finanzfachleute und wird von mehr als 15 Investment- und Niederlassungsfachkräften unterstützt.
Diese strategische Verstärkung erweitert die Wealth-Management-Fähigkeiten von Raymond James, das zum 30. Juni 2025 insgesamt rund $1.64 trillion an Kundenvermögen verwaltet.
Positive
- Addition of significant team managing $1.8 billion in client assets
- Expansion of ultra-high-net-worth client services capabilities
- Strategic growth in key markets (New Jersey and Florida)
- Enhancement of specialized expertise in private placement insurance and tax mitigation strategies
Insights
Raymond James strengthens its competitive position by acquiring a significant $1.8B advisory team specializing in ultra-high-net-worth clients.
Raymond James Financial Services has secured a notable talent acquisition by welcoming Greenberg & Rapp, a 16-advisor team previously with M Financial Group that managed $1.8 billion in client assets. This strategic move strengthens Raymond James’ position in the ultra-high-net-worth market segment while expanding their footprint in two key wealth markets—New Jersey and Florida.
The acquisition is particularly valuable because Greenberg & Rapp specializes in sophisticated wealth management strategies for ultra-high-net-worth clients, including private placement life insurance and private placement variable annuities—products that offer tax advantages for wealthy investors. This expertise complements Raymond James’ existing Private Wealth program and enhances their capability to serve the most affluent client segment.
For context, this $1.8 billion addition represents approximately 0.11% of Raymond James’ total client assets of $1.64 trillion. While relatively small compared to their overall asset base, the specialized nature of this practice and its focus on ultra-high-net-worth clients makes it more significant than the percentage suggests. The extensive team size—16 advisors plus 15 support staff—indicates a comprehensive practice that likely generates substantial fee revenue.
The advisors cited Raymond James’ technology, home office support, and culture of independence as key factors in their decision to move their practice. This suggests Raymond James continues to position itself effectively in the competitive landscape for attracting established advisory teams, particularly those serving wealthy clients who require sophisticated planning solutions.
08/14/2025 – 11:43 AM
St. Petersburg, Fla. – In a move signaling further expansion in the high-net-worth advisory space, Raymond James (NYSE: RJF) has welcomed a powerhouse team of 16 financial advisors to its independent channel, Raymond James Financial Services (RJFS). The announcement, made by Alex David, Northeast division director for RJFS, highlights the firm’s continued commitment to attracting top talent.
The newly acquired group, operating as Greenberg & Rapp (and its subsidiary, Eagle Rock Wealth Management) from offices in Morristown, New Jersey, and West Palm Beach, Florida, is spearheaded by Founders and Principals Thomas C. Rapp, CLU, ChFC, AEP, and Ronald J. Greenberg, CLU, AEP, along with Managing Partner Patrick Maguire. They bring with them a team of 14 senior financial professionals, including JP Bartolomeo, T. Keith Brown, and others, along with more than 15 investment and branch professionals.
Formerly with M Financial Group, the Greenberg & Rapp team collectively managed approximately $1.8 billion in client assets. Their expertise lies in providing personalized and comprehensive financial and estate planning services tailored to the unique needs of ultra-high-net-worth families. Notably, they specialize in private placement life insurance and private placement variable annuities – sophisticated wealth management strategies designed to preserve and grow wealth through tax-optimized investment strategies incorporating diverse, non-traditional assets.
Ronald Greenberg emphasized the strategic alignment, stating, “In our discussions with Raymond James, it became clear that they have the cutting-edge technology and home office support we need to focus our time on serving clients. We’re drawn to the unique culture and share a spirit of independence that gives us the freedom to do what’s right for our clients and continue to grow our business.” Greenberg brings 37 years of experience assisting affluent individuals and closely held business owners with exit planning and wealth preservation, holding Chartered Life Underwriter and Accredited Estate Planner designations.
Thomas Rapp echoed this sentiment, noting, “We are truly impressed with the sophistication and expertise at Raymond James. Our ultra-high-net-worth clients require sophisticated solutions, and we have received unparalleled support throughout this transition that only confirms we made the right decision for our clients and our team.” Rapp contributes over 30 years of experience in alternative assets, estate planning, private business consulting, niche insurance, and private wealth management. He also holds the Chartered Life Underwriter, Chartered Financial Consultant and Accredited Estate Planner designations.
Patrick Maguire further added, “We felt that this was the right fit for not only us as business owners, but for our people and our clients. In conjunction with Raymond James, we think that we can provide tailored advice while maintaining a culture of service where our clients are taken care of.” Maguire has spent over 20 years with Greenberg & Rapp, leveraging his expertise in insurance and investments to develop estate planning, charitable giving, and business wealth transfer strategies for clients.
Alex David concluded, “It’s my pleasure to welcome the highly-experienced team of advisors and professionals at Greenberg & Rapp to Raymond James. They offer clients bespoke strategies, distinctive investments and personalized service and we’re pleased to provide the advanced capabilities of the firm’s Private Wealth program for the benefit of their clients.”
Raymond James Financial Services, Inc. (RJFS), a subsidiary of Raymond James Financial, Inc. (NYSE: RJF), supports independent financial advisors nationwide. As of June 30, 2025, Raymond James boasts approximately $1.64 trillion in total client assets under management.
Securities are offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Greenberg & Rapp are independent entities from Raymond James. The firm does not provide tax or legal advice. Clients should consult with qualified professionals regarding any tax or legal matters.
FAQ
How much in assets did the new advisor team bring to Raymond James (RJF)?
The team of advisors brought approximately $1.8 billion in client assets to Raymond James Financial Services from M Financial Group.
What is Raymond James’s (RJF) total client assets as of June 2025?
Raymond James reported total client assets of approximately $1.64 trillion as of June 30, 2025.
Who are the key leaders of the new advisor team joining Raymond James?
The team is led by Founders and Principals Thomas C. Rapp and Ronald J. Greenberg, along with Managing Partner Patrick Maguire.
What specialized services does the new Raymond James advisor team offer?
The team specializes in private placement life insurance, private placement variable annuities, and sophisticated wealth management strategies for ultra-high-net-worth families.
Where are the new Raymond James advisor team offices located?
The team operates from offices in Morristown, New Jersey and West Palm Beach, Florida.
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