Advisor moves: Raymond James recruits $1B veterans from Merrill

Advisor moves: Raymond James recruits $1B veterans from Merrill
Group joins the firm’s employee channel, citing culture, leadership access and long-term fit.
FEB 02, 2026

Raymond James continues to strengthen its employee advisor channel with the addition of a Maryland-based wealth management team overseeing approximately $1 billion in client assets.

The group, now operating as Thrift Private Wealth of Raymond James in Easton, Maryland, transitioned from Merrill and brings together four financial advisors along with two client service associates. The advisors serve a broad mix of clients, including families, retirees, business owners and family offices, and are known for their collaborative approach to long-term wealth planning.

The team is led by Garrett Thrift and includes advisors Kara Burt, Blake Saulsbury and Wade Oursler, supported by client service associates Chris Gostomski and Blair Goodrich. Together, they bring decades of combined experience and a practice built around deep client relationships.

Thrift said the move followed a careful evaluation of potential firms and alignment with Raymond James’ culture and leadership philosophy.

“After extensive due diligence, we found Raymond James to be our ideal fit – a place where advisors are empowered, respected and supported in building practices centered on authentic teamwork and long-term relationships. The firm’s leadership is truly invested in our success, and we feel that our voices matter here.”

Raymond James leadership noted that the firm’s advisor-centric model and emphasis on independence within the employee channel continue to resonate with experienced teams seeking greater flexibility and partnership. The addition of the Maryland group reflects the firm’s ongoing focus on attracting high-quality advisors who value autonomy, collaboration and long-term growth.

Recent data shows that Raymond James was a top recruiter of financial advisors in 2025, adding a net 313 to its headcount, second only to LPL Financial’s 601.

The firm has also improved its AI tech stack for advisors with the launch of a new proprietary digital operations agent called Rai, designed to give advisors and staff faster answers to day-to-day questions while keeping humans in the loop.

Latest News

Treasury unveils Trump Accounts fund lineup led by BlackRock, Vanguard, and State Street
Treasury unveils Trump Accounts fund lineup led by BlackRock, Vanguard, and State Street

Five low-cost index ETFs to anchor Trump Accounts as advisors weigh options against 529 and UTMA plans for clients

House panel unanimously advances advisor compensation reform bill
House panel unanimously advances advisor compensation reform bill

A bipartisan proposal aimed at aligning advisor compensation rules with modern business structures is headed to the full House.

Vanilla, WealthFeed land new RIA partnerships
Vanilla, WealthFeed land new RIA partnerships

Vanilla is extending its estate planning tech to Callan Family Office's ultra-high-net-worth business, while WealthFeed's organic growth engine will now be available to roughly 100 advisors at The Mather Group.

As Trump Accounts prep for July 4 launch, Franklin Templeton plans $1,000 match
As Trump Accounts prep for July 4 launch, Franklin Templeton plans $1,000 match

“We are helping families take an important first step toward building a financial foundation for the next generation,” said Franklin Templeton CEO Jenny Johnson

Savant Wealth Management enters Maine with latest acquisition
Savant Wealth Management enters Maine with latest acquisition

Richard Brothers Financial Advisors joins the fee-only RIA, adding its first Maine office and $240 million in client assets

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.