Raymond James Welcomes Experienced Financial Advisor Managing $750 Million in Georgia
New Advisor Joining Raymond James: Financial advisor Robert Chanin has joined Raymond James & Associates, bringing over 45 years of experience and a focus on high-net-worth clients from his previous role at Stifel, where he managed approximately $750 million in assets.
Raymond James' Commitment to Advisors: Chanin's move reflects Raymond James' appeal to experienced advisors seeking autonomy while providing extensive resources and support, aligning with the firm's client-first culture.
Trade with 70% Backtested Accuracy
Analyst Views on RJF
About RJF
About the author

- Oil Price Surge: US crude oil prices have surpassed $100 per barrel for the first time since 2022, intensifying market fears of stagflation, particularly as the unemployment rate rose to 4.4% in February, indicating economic fragility amidst stagnant job growth.
- Weak Job Market: The economy lost 92,000 jobs in February, with total job growth for 2025 at only 116,000, which is 5,000 below the previous year's monthly average, reflecting a lack of recovery that could dampen consumer spending.
- Inflationary Pressures: Core inflation stands at 3%, a full percentage point above the Federal Reserve's target, leading to reduced expectations for interest rate cuts as investors worry that rising oil prices will exacerbate food inflation and other costs.
- Delayed Policy Response: The Federal Reserve is likely to postpone interest rate adjustments, with no second cut expected in 2026, despite strong GDP growth signals; however, stagflation risks remain, potentially complicating future monetary policy decisions.
- Recruiting Success: Raymond James announced the recruitment of two investment advisory teams managing over $1.5 billion from their previous firms.
- Geographic Expansion: The new teams will enhance Raymond James' presence in Colorado and upstate New York.

- Financial Sector Decline: Financial stocks, including banks and brokerages, faced significant sell-offs from investors on Friday morning.
- Economic Concerns: The decline was influenced by reports of job losses in the U.S. economy and instability in oil markets due to the ongoing conflict with Iran.
Acquisition Announcement: Hightower Advisors has agreed to acquire Journey Strategic Wealth, which manages approximately $5 billion in assets.
New Initiative: This acquisition is part of Hightower's new initiative, Hightower Signature Wealth, allowing advisors to work under Hightower's brand as employees.
Leadership: The initiative is led by CEO Larry Restieri, marking Hightower's first external acquisition in this area.
Business Model Shift: The move signifies a shift in Hightower's business model, transitioning from independent practices to a more integrated employee structure.
- Stock Volatility: AeroVironment's stock initially surged by 20.1% in the morning, but after reports from Space News indicated a potential loss of a $1.4 billion contract with the Space Force, the stock fell by 19.5% by 2:00 p.m. ET, reflecting investor concerns about the company's outlook.
- Contract Reopening Impact: The Pentagon's decision to reopen bidding for the Satellite Communications Augmentation Resource (SCAR) program aims to move away from cost-plus contracting, which could adversely affect AeroVironment's subsidiary BlueHalo, which was awarded the contract last year.
- Market Reaction: Raymond James downgraded AeroVironment from strong buy to underperform, highlighting the BADGER program as the company's largest program of record, indicating a decline in market confidence regarding the company's future profitability.
- Increased Uncertainty: While AeroVironment may retain a significant portion of the contract in the end, the reopening of the SCAR program introduces substantial uncertainty, negatively impacting investor confidence and leading to a sharp decline in stock price.
- Stock Volatility: AeroVironment's stock initially surged by 20.1% following the Iran attack, but subsequently fell by 19.5% due to contract uncertainties, indicating market concerns about its future prospects.
- Contract Risk: The potential loss of a $1.4 billion contract with the Space Force, as the Pentagon reopens bidding for the program, has shaken investor confidence and threatens the company's financial stability.
- Rating Downgrade: Raymond James downgraded AeroVironment from strong buy to underperform, reflecting a pessimistic outlook on its future performance, which has exacerbated the downward pressure on the stock price.
- Uncertain Business Outlook: While the company may retain a portion of the contract, the Pentagon's reopening of bids has introduced uncertainty for investors, with the BADGER project considered its largest program of record, posing challenges for future growth.










