Raymond James welcomes father-son team in Massachusetts managing approximately $180 million
ST. PETERSBURG, Fla. – Raymond James recently welcomed financial advisors Raymond “Ray” Croteau and Joseph “Joe” Croteau, CFP®, to Raymond James Financial Services (RJFS) – the firm’s independent advisor channel – according to Alex David, Northeast divisional director for RJFS.
The advisors arrive from Commonwealth Financial Network, where they managed over $180 million in client assets. As Croteau Financial, based in Fitchburg, Massachusetts, they provide holistic financial planning and guidance to a variety of clients, specializing in families and individuals, business owners, corporate executive and retirees. They are joined by Office Manager and Senior Client Service Associate Susan VanHillo.
“After more than three decades in the industry, I have learned that trust is built by putting clients first, a value that Raymond James exhibits firmwide,” said Ray. “The firm gives us high-net-worth capabilities and the freedom to deliver personalized service, helping clients find their path to success.”
Ray, founder and owner of the practice, holds more than 32 years of financial services industry experience, most recently through affiliation with Commonwealth since 2010. He specializes in a broad range of financial services, including securities transactions, mutual funds, life insurance, disability and long-term care coverage, annuities and personalized investment advice.
Joe, son to Ray, served at Commonwealth since 2019, bringing a total of six years of industry experience to his role as partner of the firm. His experience is backed by a bachelor’s degree in mechanical engineering from the University of Massachusetts Amherst and the CERTIFIED FINANCIAL PLANNER® designation.
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 $1.64 trillion as of June 30, 2025. Additional information is available at raymondjames.com.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Croteau Financial is not a registered broker/dealer and is independent of Raymond James Financial Services.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, Certified Financial Planner®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.