Advisor Moves · Recruiting · Independence
Pacific Coast Talent Shift: FiNet and Raymond James Trade Teams Handling $700M+
West Coast wealth management practices are shifting allegiances, as a series of cross-firm moves between Wells Fargo Advisors Financial Network (FiNet) and Raymond James Financial Services transfers over $700 million in combined advisory assets across California and Washington.
By Advisor News Network
August 27, 2026
5 min
Related
WFC--RJF--
Transition:Raymond James / Wells FargoFiNet / Raymond James
$700MAUM
ADVISOR NEWS NETWORK — West Coast wealth management practices are shifting allegiances, as a series of cross-firm moves between Wells Fargo Advisors Financial Network (FiNet) and Raymond James Financial Services (RJFS) transfers over $700 million in combined advisory assets across California and Washington.
In a dual-sided exchange of industry veterans, FiNet picked up two California-based practices, while Raymond James secured an experienced sole practitioner in Washington state.
FiNet Expands California Reach via TSG Wealth Management Partnership
Wells Fargo's independent channel, FiNet, expanded its West Coast footprint by bringing two separate California advisory groups under the umbrella of its affiliate practice, TSG Wealth Management. The incoming groups collectively represented $545 million in client assets during their tenure at Raymond James.
The Dunn Team (Fresno, CA)
- Assets Managed: >$355 million
- Lance Dunn, CFP, Managing Director
- Lexis Dunn, AAMS, Vice President
- Karen Ursua, Senior Client Associate
Old Oak Partners (Chico, CA)
- Assets Managed: ~$190 million
- Richard Wilson, Managing Director
- Matt Holzwarth, Managing Director
- Cayden Hill, Client Associate
Raymond James Recruits 35-Year Industry Veteran in Washington
Balancing the slate, Raymond James Financial Services recruited wealth manager David Lazorik in Yakima, Washington. Operating as Lazorik Financial Management, he takes on the role of branch manager.
Lazorik transitions to RJFS following a 35-year tenure at Wells Fargo, bringing a client base representing more than $160 million in managed assets. His practice centers on customized planning for business leaders, retirees, endowments, foundations, and charitable organizations. Lazorik holds an undergraduate degree in economics and political science from the University of Montana.
"Raymond James aligns with the values-based foundation that has always guided the way I do business," stated Lazorik, emphasizing the firm's balance of technological capabilities and advisor autonomy.
Transaction Breakdown
| Destination Firm | Affiliate / Practice | Key Advisors | Prior Institution | Ported Capital | Region |
|---|---|---|---|---|---|
| FiNet | TSG / The Dunn Team | Lance Dunn, Lexis Dunn, Karen Ursua | Raymond James | >$355M | Fresno, CA |
| FiNet | TSG / Old Oak Partners | Richard Wilson, Matt Holzwarth, Cayden Hill | Raymond James | ~$190M | Chico, CA |
| Raymond James | Lazorik Financial Management | David Lazorik | Wells Fargo | >$160M | Yakima, WA |
TagsFiNetRaymond JamesTSG Wealth ManagementWells FargoLance DunnOld Oak PartnersDavid LazorikCaliforniaWashingtonRecruitingAdvisor Moves
