Ascentis adds four Raymond James practices with $1.06B; assets stay with Raymond James
The four practices have operated as one Raymond James branch since 2022; the retention suggests no immediate account conversion was required.
At a glance
Ascentis added four Raymond James practices with about $1.06 billion in client assets, and all four will keep Raymond James as their primary custodian.
The four practices have operated as a unified Raymond James branch since 2022, so the addition brought one branch-scale book to Ascentis.
The practices moved their affiliation to Ascentis while client assets stayed with Raymond James; the retention suggests no immediate account conversion was required.
Ascentis added four Raymond James practices with about $1.06 billion in client assets, and all four will keep Raymond James as their primary custodian.
The four practices have operated as a unified Raymond James branch since 2022, so the addition brought one branch-scale book to Ascentis.
The practices moved their affiliation to Ascentis while client assets stayed with Raymond James; the retention suggests no immediate account conversion was required.
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