Raymond James Financial Services (RJFS), the independent advisor channel of Raymond James Financial, has welcomed a six-advisor team managing more than $800 million in client assets. The group joined from Commonwealth Financial Network and will operate as OakWood Financial Services in Rochester, New York.
The team includes Mike McNaughton, Dan Schmitz, Greg Schuler, Traci Lewis, Jeff Santillo, and John Woodworth. They collectively serve a broad client base, including high-net-worth families and individuals, business owners, and retirees.
OakWood Financial Services was founded by McNaughton in 1999, following his career in financial services, which began in 1990. Schmitz has advised clients since 1996 and helped build the practice alongside McNaughton. Both advisors bring decades of experience and hold multiple professional designations in financial planning and wealth management.
Schuler brings more than 20 years of experience in the financial services industry, focusing on comprehensive financial planning with an emphasis on risk management, income distribution, and tax planning.
Lewis specializes in retirement and pre-retirement planning, incorporating tax considerations into financial strategies. Santillo, who entered the industry in 2021, focuses on planning-first strategies designed to help clients align long-term goals with measurable financial plans. Woodworth began his career at J.P. Morgan in 2023 and brings experience in retail banking, which has shaped his relationship-focused approach to planning and client communication.
Raymond James Financial Services provides support to independent financial advisors across the United States. The firm is part of Raymond James Financial, a diversified financial services company with advisors operating throughout the United States, Canada and overseas. As of Jan. 31, 2026, the company reported approximately $1.80 trillion in total client assets.
KEY QUOTES:
“Our clients expect thoughtful, coordinated planning – not just investment selection,” “Raymond James gives us the technology, investment platform and resources to serve clients thoughtfully, while preserving our independence and client-first mindset.”
Mike McNaughton, Co-Founder Of OakWood Financial Services
“Raymond James and its technology platform supports our team’s ability to work together seamlessly,” “We look forward to continuing to provide the consistency, collaboration and clear guidance that are synonymous with our practice.”
Dan Schmitz, Co-Founder Of OakWood Financial Services
