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Raymond James Ltd. Brings Over $1B in Client Assets to Manitoba in Landmark Expansion

Raymond James Ltd., Canada’s largest independent financial services firm, has entered the Manitoba market—bringing with it more than $1 billion in client assets and a bold new chapter in the province’s financial landscape.

The firm’s arrival in Winnipeg is anchored by the integration of three respected local teams: Martin Wealth Management, Miles Wealth Management Group, and Ruban Stark Wealth Partners. Together, these teams form the foundation of Raymond James’ newest corporate branch—its 12th in Canada and the first in Manitoba—marking a major milestone in the company’s nearly 25-year Canadian journey.

“We’re honoured to be among the founding partners bringing Raymond James to Manitoba,” said Ken Martin, Senior Financial Advisor at Martin Wealth Management. “This partnership allows us to continue putting clients first, now with the backing of a firm that shares our values and offers the scale to help us grow.”

For Manitoba, this expansion signals more than just a new name on the skyline. It represents a strategic investment in the province’s economic future, offering enhanced financial services, new employment opportunities, and a deeper commitment to community engagement. With a national footprint now spanning six provinces, Raymond James is poised to contribute meaningfully to the region’s growth and stability.

“Raymond James shares our core belief that when our clients win, we win,” said Benji Miles, Senior Wealth Advisor at Miles Wealth Management Group. “With access to their advanced global infrastructure, new resources, and expanded expertise, we’re confident that joining Raymond James will significantly elevate the service and care our clients have come to expect.”

The move also reflects a broader shift in Canada’s wealth management sector, where independence, flexibility, and client-first service are increasingly in demand. Raymond James’ advisor-centric model—free from product quotas and rigid mandates—offers a compelling alternative for both investors and advisors seeking a more personalized approach.

“At many firms, advisors can feel pressured to follow a one-size-fits-all solution,” said Trevor Stark, Portfolio Manager at Ruban Stark Wealth Partners. “With Raymond James, we have the freedom to build tailored strategies that truly reflect our clients’ goals.”

Backed by the global strength of its U.S.-based parent company, Raymond James Ltd. combines the stability of a major financial institution with the agility of a local partner. The firm’s Canadian operations now manage over C$91 billion in assets, supported by 2,000 associates and more than 520 independent advisors across 170 offices.

“This is more than geographic growth—it’s a strategic investment in the future of Canadian wealth management,” said Scott Hudson, Executive Vice President, Head of Wealth Management, Private Client Group at Raymond James Ltd. “We’re entering Manitoba with trusted partners, a long-term vision, and a commitment to helping advisors thrive and clients succeed.”

To learn more or connect with an advisor in Winnipeg, visit raymondjames.ca/winnipeg.

Raymond James Ltd., the Canadian arm of Raymond James Financial, Inc. (NYSE: RJF), is Canada’s largest independent financial services firm, providing comprehensive wealth management and capital markets services to individuals and institutions for nearly 25 years. With $95 billion in assets under management, more than 520 independent advisors and 2,000 associates across 170 branches and offices, we are dedicated to putting clients first, thinking long-term, acting with integrity, and valuing independence. Committed to community accountability, we raised $1.5 million for 525 charities in 2024 and have donated over $13 million since establishing the Raymond James Canada Foundation in 2012.
For more information, please visit www.raymondjames.ca.