Raymond James recently added a trio of advisors in Newport Beach, Calif., to the firm’s employee advisor channel. The team, operating as Capital Reserve Group of Raymond James, joins from Comerica, a regional commercial bank, where they managed $5.4 billion in client assets.
Advisors Cory Matsumoto, Rey Carandang and Genae Affrunti join Raymond James & Associates as senior vice presidents of wealth management. They were previously with Comerica, acquired by Fifth Third Bank earlier this year. Comerica previously had a deal with Ameriprise Financial to be the bank’s investment program provider.
Senior Registered Client Relationship Associate Julia Bica and Client Relationship Associate Brian Toyama have also come over.
“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,” Matsumoto said in a statement.
Before making the move, Matsumoto had been Comerica for 20 years, while Carandang had been with the bank for 14 years. Affrunti had been with the firm for 12 years.
This follows last week’s news that Raymond James recruited KWM Wealth Advisory, a Pasadena, Calif.-based team with over $1 billion in assets, from Stifel to its independent advisor channel.
The firm recently appointed Laetitia Boyle as the division director for the central division of Raymond James’ independent contractor division. She previously served as director of business development, investment banking, at Raymond James.
During the second quarter of 2026, Raymond James recruited advisors with trailing 12-month production of $156 million and nearly $23 billion in client assets to its independent and employee channels. CEO Paul Shoukry said the firm is on pace for a record recruiting year.
“This strength in retaining and attracting high-quality advisors reflects our differentiated value proposition, advisors do not have to choose between culture and capabilities,” he said on a second-quarter earnings call last week. “We offer a unique combination of an advisor and client-focused culture along with the leading technology, products and solutions advisors need to serve clients at a high level.”
