Raymond James added two teams this week, including a $1.25 billion Iowa-based group that joined its employee advisor channel and a $500 million team out of Rochester, N.Y. via its independent channel.

The Clive, Iowa-based team includes David Lobriecki, Dan McPhail Jr., David Haas and Willis Gaer. They’re joining Raymond James as Greenwood Wealth Partners from D.M. Kelly & Company, a Des Moines, Iowa-based broker/dealer.

They managed about $1.25 billion in assets and offer financial planning and investment advice for families, business owners, foundations, endowments, nonprofits and retirees. They’re joined by Practice Business Manager Holly Ellsworth.

In a statement, Lobriecki said Raymond James’ culture and respect for the team’s independence helped seal the deal and that they’ll access “an expanded investment platform, comprehensive wealth management resources and the home office support to serve clients across a broad range of financial goals.”

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Lorbiecki has over three decades of industry experience, having spent 30 years at D.M. Kelly. McPhail and Haas first registered in 2007 and 2008, respectively, while Gaer began working in the industry in 2022.

Also this week, Raymond James recruited Todd Harris, Connie Gilderhus, Sarah Fuller, Robert Conderman and Joseph Palma to its independent advisor channel. The $500 million team is joining from Commonwealth Financial Network and offers financial planning for families, corporate executives and retirees.

Harris, the team’s principal, has more than two decades of industry experience, while Gilderhus has 15 years of experience in the financial services industry. Fuller has more than 35 years of experience and holds a CFP designation, while Palma and Conderman entered the industry in 2007 and 2008, respectively.

The move comes as Commonwealth advisors’ integration into LPL Financial continues apace. LPL closed its acquisition of Commonwealth in August 2025, but teams are nearing the deadline to transition onto LPL’s platforms by the end of 2026, according to prior statements from LPL.

Raymond James has been one of the most significant beneficiaries of teams looking to leave Commonwealth ahead of the conversion, and the firm has boosted its recruitment spending over the past year, according to earnings reports.

Last May, the firm attracted Financial Strategies Retirement Partners, a 12-advisor team in Bedford, N.H., that oversaw $2.8 billion in client assets at Commonwealth.