Trio of leading firms will anchor the financial services titan's new office
It’s been almost 25 years since Raymond James launched in Canada when it acquired Goepel McDermid, a firm with a multi-decade history. This week, it announced another milestone.
The firm is expanding to Manitoba with a new office in Winnipeg. But this is not just about brick and mortar, because it will launch with a combination of three leading wealth management firms from the city, adding a combined AUM of more than $1 billion.
“Joining Raymond James gives us access to enhanced capabilities and a broader platform that will elevate the experience we offer our clients. It’s a meaningful step forward not just for our teams, but for the future of financial services in Manitoba,” said Trevor Stark, senior wealth advisor with Ruban Stark Wealth Partners of Raymond James.
Ruban Stark, along with Martin Wealth Management and Miles Wealth Management Group are the three firms that will anchor RJ’s Winnipeg location and Scott Hudson, executive vice president, head of Wealth Management, Private Client Group at Raymond James Ltd, commends their high status.
“Their deep roots in the community, commitment to client-first service, and outstanding reputations make them ideal partners for our entry into Manitoba,” he says.
The state-of-the-art facility in Winnipeg will be the firm’s 12th corporate office in Canada and brings a collaborative approach to wealth management to the marketplace through its three legacy firms.
“This is more than a geographic expansion—it’s a strategic investment in the future of Canadian wealth management,” adds Hudson. “Our approach is anchored in a clear principle: by enabling advisors to excel, we enhance client outcomes and drive long-term value. These three teams will play a pivotal role in helping us achieve our $125 billion AUA target by 2030.”
Raymond James recently boosted its focus on national expansion and advisor growth with the hire of industry veteran Eric Lauzon who moved from Assante Wealth Management after 18 years as VP of business development.
The firm was recently ranked the sixth best investment firm in Canada based on client satisfaction scores, behind National Bank, Edward Jones, iA Private Wealth, CI Financial (Assante Wealth), and Desjardins.
