Raymond James Recap April 2024

Raymond James Recap LinkedIn Newsletter

Spring is here and so is our latest recap. I’m excited to share highlights regarding firm leadership announcements, celebrate awards and welcome new faces across the country. I’m proud of all Raymond James has accomplished and we’re just getting started.

As we expand our footprint across the globe, I continue to be impressed by the caliber of advisors choosing Raymond James as a destination. Our core values guiding advisors’ and associates’ dedication to serving clients make us an industry leader and the firm of choice.

Firm Happenings

Leadership updates In late March, we announced Paul Shoukry as president and CEO successor of Raymond James Financial . This decision, which is part of an ongoing multi-year succession plan, is expected to take effect sometime during fiscal year 2025. Current Chair and CEO Paul Reilly is expected to remain in the board as executive chair. Once the succession process is complete, Paul Shoukry would become only the fourth chief executive in the company’s history.

In addition, Raymond James COO Jeff Dowdle will be retiring effective October 1, 2024. Scott Curtis will be taking over as COO, while Tash Elwyn will become president of Private Client Group and Jim Bunn will become president of the Capital Markets segment.

Putting clients first, thoughtful planning and a measured approach – always with a long-term view – are at the heart of what has set Raymond James apart since our founding. It should be no surprise that the same approach has informed the deliberate and disciplined process for selecting and developing the people who lead the firm.

Advisor Essentials We are thrilled to announce the launch of our advisor-facing podcast, Advisor Essentials . Each episode features insightful discussions with our advisors and professionals from across the Private Client Group and beyond.? Never miss an episode and subscribe now on Apple Podcasts or Spotify .

Tech innovation Raymond James is the proud recipient of the 2024 BISA Technology Innovation Award. This is the 11th time the firm has been recognized by the Bank Insurance and Securities Association for leading the advancement of the financial services industry’s products, services and platforms through innovative technology. This year’s award recognizes Tech Savvy, an education program designed to help advisors streamline their businesses by incorporating technology into their day-to-day practice.

A great place to start Raymond James was awarded Handshake’s Early Talent Award, recognizing the firm as being among the best employers for those looking to launch meaningful careers. Handshake connects 75% of all U.S. college students with companies, including ours, for recruiting.

Best Place to Work Glassdoor has ranked Raymond James as #14 in its 16th annual Employee’s Choice Awards, highlighting the best places to work of 2024.

Recent Joins

It’s been a fantastic few months of growth, with many stellar advisors opening their doors at Raymond James.

Enrique Gumucio, Raymond James Brickell Avenue branch Financial advisor, RJA Miami, FL AUM: $100 million

“The combination of a robust investment and banking system coupled with readily accessible management across every department was a key factor in my decision to join Raymond James. I fully expect this synergy to unlock efficiencies with my practice and allow me to better serve my clients.”

David Behar & Dave Nagel, Behar-Negal Group of Raymond James Financial advisors, RJA Hallandale Beach, FL AUM: $340 million

“We found Raymond James to be the right fit for our team and clients. The firm's commitment to domestic and international clients, as well as the respect it has for advisors, made the choice simple. We anticipate that this is the beginning of a long and lasting relationship for our practice.”

John Willey, VistaCrest Financial Financial advisor, RJFS Abilene, Texas AUM: $123 million

“Affiliation with Raymond James allows me to provide more diverse planning services and offer my clients access to advanced investment, insurance and banking options. I’m confident that the resources and support the firm offers will help bring clarity to my clients’ financial concerns to ultimately assist them in achieving their goals.”

Jesse Anderson, Christopher McKelvey & Anthony Gilotti, Anderson Mckelvey Group Financial advisors, RJFS Winter Park, FL AUM: $450 million

“Our team conducted tremendous due diligence to determine where we can best serve the families who have entrusted us with their wealth. We feel that Raymond James has the perfect combination of large firm resources with small firm independence. Once we explored the firm’s culture and capabilities, the decision became an easy one. Since we made the move, the wisdom of our choice has been reinforced on a daily basis. We couldn’t be happier with our decision.”

Andrew M. Spearman, RJA Eastern Michigan complex Financial advisor, RJA Grosse Pointe, MI AUM: $100 million

“Raymond James has a stellar reputation and client-first approach, backed by its robust resources and technology, that immediately stood out as the right environment for myself and my clients. Additionally, the opportunity to work with an experienced team will help me grow my practice and service my clients.”

James “Buck” Williams, Coastal Oak Wealth Advisors Financial advisor, RJFS Jacksonville, FL AUM: $235 million

“Our main consideration was selecting a firm that seamlessly aligns with our clients' needs and offers essential support for our expanding practice. The Raymond James client-centric culture and level of expertise across functions of the firm not only aids us in serving our clients but will bring measurable efficiencies to our daily operations. This allows us to serve clients at a high level with the horsepower to help deliver strategies in the most complex financial situations.”

Eric G. Werner & Vincent “Randy” Whatley, Northeast Legacy Group of Raymond James Financial advisors, RJA Hanover, NH AUM: $350 million

“We are excited to align with Raymond James, a company with a deep focus on wealth management. Our industry is changing rapidly, and it is imperative for our team to be associated with a firm committed to delivering resources and tools focused on what our clients want and need.”

Laura Blanton, Blanton Wealth Management of Raymond James Financial advisor, RJA Greenville, SC AUM: $250 million

“I’ve always based my practice on building trust. Through Raymond James, I’m able to offer access to the resources and sophisticated products of a global financial firm while never compromising my ability to provide objective advice that puts my clients’ best interest first.”

Steven Hocking, Jennifer Hocking & Ryan Mueller, THG Retirement Solutions of Raymond James Financial advisors, RJA Irvine, CA AUM: $300 million

"Raymond James stands out in the financial services industry for its client-first approach—a philosophy that resonates deeply with us. In my 25 years within this industry, it is rare to encounter a firm that not only pledges to prioritize client interests but also consistently acts on this commitment. The firm's record of stability and resilience assures us that we have a reliable partner backing up our client first standard of care, capable of supporting our clients through various market conditions without taking outsized risks."

Martin Lutschaunig, Lutschaunig Wealth Management Financial advisor, RJFS Yardley, PA AUM: $265 million

“Raymond James has a rich history of putting clients first, which was our top priority in choosing a firm, and we confirmed this time and time again during discussions with other advisors who had made the transition prior to ours. It’s the best of both worlds: A sophisticated platform with the freedom and flexibility to run our practice in a way that best suits our clients.”

Lynette Ancona, Ancona Wealth Management of Raymond James Financial advisor, RJA Winter Park, FL AUM: $750 million

"For nearly three decades, I have served as a sounding board, trusted guide and professional partner that my clients depend on to make informed financial decisions in a rapidly changing world. Backed by Raymond James' client-first, people-centric culture, I am empowered to live out my core values and personal philosophy by truly focusing on my relationships while offering quality investments, technology, research and planning tools to meet client's needs."

Joseph L. Martinez, Pinnacle Asset Management Financial advisor, FID Nashville, TN AUM: $243 million

"The comprehensive investment and financial planning platform provided by Raymond James, along with its steadfast commitment to investing in cutting-edge technologies, immediately caught my attention. This, coupled with a culture where every member of the organization prioritizes client experience, made transitioning to the firm a compelling choice."

Glenn Pahnke, Ted Churchill & Austin Pahnke Financial advisors, RJA Scottsdale, AZ AUM: $1.1 billion

“The addition of this accomplished team further strengthens our advisor presence across the Western U.S., underscoring our ongoing efforts to attract top-tier professionals across the country who share our core values. Raymond James' commitment to equipping advisors with comprehensive resources and support while honoring their autonomy to prioritize client needs remains a compelling differentiator in our ability to attract top teams. We are thrilled to align with Raymond James, a firm that shares our unwavering commitment to service excellence while delivering insightful wealth management strategies that are custom-tailored for clients. With the firm's robust platform, advanced technology and support, we are well positioned to continue our legacy of delivering high-quality investment strategies and elevating the day-to-day experience of our discerning clientele."

?Craig H. Barker Financial advisor, RJA, Roseville, California, AUM: $165 million

"Raymond James' bottom-up corporate model and emphasis on the client-advisor relationship were at the forefront of our decision to join the firm. During this transition process, we found everyone from management to the support staff went above and beyond, with full intent on equipping our team with the tools, technology and help we need to serve our clients and grow our practice."

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? 2024 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. ? 2024 Raymond James Financial Services, Inc., member?FINRA /SIPC .? Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value. Raymond James? is a registered trademark of Raymond James Financial, Inc. ?Raymond James Bank, member FDIC, affiliated with Raymond James Financial Services and Raymond James & Associates, Inc. For financial professional use only.

The 2024 Bank Insurance & Securities Association (BISA) Technology Innovation Award is designed to recognize leadership in the advancement of the financial services industry's products, services and platforms through technology innovation. This award highlights companies for their commitment to advancements in technology-based solutions for the industry. Candidacy for the 2024 Technology Innovation Award is limited to products launched in 2023 and is open to BISA Leadership members, as well as Associate and Associate Plus members. This is based upon the period from 1/1/2023 to 12/31/2023 and was released on 3/7/2024.? Of more than 10 firms considered; 9 were recognized. The award is not representative of any one client’s experience, is not an endorsement, and is not indicative of an advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award. BISA is not affiliated with Raymond James. For more info see: https://www.bisanet.org/page/TechnologyAward

The 2024 Handshake Early Talent Award recognizes companies for engaging early talent.? Performance in the following areas is used to identify winners:? brand resonance, which measures the ability of your job views to convert into job applications; engagement, which considers the effectiveness of your recruiting messages; event participation, which evaluates event and career fair attendance; and relationships, measuring year-round consistency and early identification.? Out of 900,000 employers on Handshake, 257 employers won.? Time period upon which the rating is based is from 1/1/23 to 12/31/23 and was released on 3/13/24.? This recognition is not based in any way on the individual's abilities in regard to providing investment advice or management. This ranking is not indicative of advisor's future performance, is not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this recognition. Raymond James is not affiliated with Handshake.

The 2024 Glassdoor Employees' Choice Awards honoring the Best Places to Work, determines winners using feedback employees have shared on Glassdoor during a 12-month eligibility period. Employees can anonymously complete and submit a company review that asks them to rate and review their employer and give insight into what it’s really like to work at a company. To be considered, a U.S.-based employer must receive at least 75 ratings across the nine workplace attributes and have at least 1,000 employees at the end of the eligibility time frame. Of the eligible companies, 100 were recognized. This ranking is based upon the period from 10/18/2022 to 10/16/2023 and was released on 1/9/2024. This ranking is not indicative of a company's future performance, is not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Glassdoor.