Ascentis adds four Raymond James practices with $1.06B

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.