Raymond James Welcomes Maine Advisor Team Managing Over $350 Million in Assets
Rhea-AI Summary
Raymond James (NYSE: RJF) has strengthened its independent advisor channel by welcoming a team from Compass Investment Management (CIM) that previously managed over $350 million in client assets at Commonwealth Financial Network. The team, operating from Lewiston and Bangor, Maine, includes four financial advisors: Gary Bragg, Colby Dionne, Daniel Espenscheid, and Michael Nerney.
The group joined Raymond James Financial Services (RJFS), citing the firm's commitment to advisor independence and comprehensive resource support as key factors in their decision. The team brings diverse expertise, with Bragg's three decades of experience leading the group, complemented by specialists in technology, financial analysis, and portfolio management.
Positive
- Addition of team managing $350 million in client assets strengthens Raymond James' presence in Maine
- Expansion of independent advisor channel with experienced professionals
- Strategic market expansion in the Northeast region
Negative
- None.
News Market Reaction – RJF
In the Sep 25 session, RJF declined 0.01%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
St. Petersburg, Fla., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Raymond James (NYSE: RJF) recently welcomed four financial advisors from Compass Investment Management (CIM) to Raymond James Financial Services (RJFS) – the firm’s independent advisor channel – according to Alex David, Northeast division director for RJFS.
The group operates office locations in Lewiston and Bangor, Maine, and includes advisors Gary Bragg, Colby Dionne, Daniel Espenscheid and Michael Nerney, along with Registered Broker Assistants Peggy Kennedy and Melissa Bernard and Office Administrator Linda Girardin. They previously managed more than
“Choosing to affiliate with Raymond James was about ensuring our independence to provide clients with the thoughtful, personal guidance they expect from our team,” said Bragg. “The firm gives us the freedom to make decisions in our clients’ best interests, while providing the right mix of sophisticated resources and support to help them pursue their goals with confidence.”
Bragg leads the CIM team with more than three decades of financial services experience. He entered the industry in 1990 with his previous firm.
Dionne serves as services manager at CIM. He interned with the group before beginning his advisory career at Equitable Advisors in 2023. He holds a bachelor’s degree in finance and financial economics from the University of Maine.
Espenscheid joined CIM in 2016, serving clients as technology director and broker assistant. He became a financial advisor in 2024 and is based in Venice, Florida, where he supports the Lewiston office.
Nerney holds a bachelor’s degree in finance and an MBA from Bentley University, as well as Master of Divinity and Doctor of Ministry degrees. He joined CIM in 2021 and provides clients with financial analysis and portfolio structure support, drawing on his background in finance, taxes and ministry.
About Raymond James Financial Services
Raymond James Financial Services, Inc. (RJFS), member FINRA/SIPC, is a financial services firm supporting independent financial advisors nationwide. Since 1974, RJFS provides a wide range of investment and wealth planning-related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both firms are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), one of the nation’s premier diversified financial services companies with financial advisors throughout the United States, Canada and overseas. Total client assets are approximately
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Compass Investment Management is not a registered broker/dealer and is independent of Raymond James Financial Services.
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
Justin Mayfield Raymond James Financial 727.567.2824