Raymond James Recap November 2024
As we step into November, we’re thrilled to share a fresh collection of updates and insights reflecting our recruiting achievements. Welcome to this edition of?Raymond James Recap, where you’ll find a wealth of inspiration and the latest highlights you won’t want to miss! I’m eager to spotlight the firm’s leadership announcements, celebrate recent accolades, and warmly welcome the advisors who have joined us at Raymond James. I take immense pride in what we’ve accomplished together and look forward to building on this success.
Firm Happenings
Coming together in times of need
With Hurricanes Helene and Milton affecting communities throughout the Southeast, including the St. Petersburg/Tampa Bay area where Raymond James is headquartered, thousands across the state faced unprecedented flooding, power outages, property damage, and devastation.
Since then, we have started to rebuild and move forward, as we always do in both good times and bad: together – as a firm, as a community, and as a family.
“Challenging times like these highlight the importance of always putting people first, which has always been the foundation of Raymond James,” said President Paul Shoukry in a memo to associates and advisors.
Following the hurricanes, the firm and leadership team have contributed nearly $11 million to associate and community relief efforts. This includes stipends for eligible associates and donations to Friends of Raymond James, the American Red Cross, the United Way Suncoast Disaster Recovery Fund, and other charitable organizations across impacted communities.
Once the home office safely reopened, a recharge station was established to provide air conditioning, power, and internet access amid the widespread outages.
To show appreciation for the tremendous generosity associates have shown each other and to thank them for their continued dedication and care during this hectic time, the firm also invited associates, advisors, and their families to the home office for complimentary hot meals and supplies.
Leadership announcements
Raymond James recently announced a regional reorganization of Raymond James & Associates Private Client Group (RJA) – our employee advisor channel effective as of October 1, 2024.
We’re excited to announce that Tom Walrond, previously leading the Eastern Division of our employee channel, stepped into the role of president of Raymond James & Associates on October 1. Kelly Anderson, our dedicated Eastern Division Regional Director, recently took the reins as division director for the Northeast Division while continuing her current responsibilities. Tim Killgoar, also from the Eastern Division, transitioned to lead the Southeast Division.
In addition, we’re pleased to share that Patrick O’Connor, Central Division Director, was promoted to Chief Operating Officer (COO) of RJA, where he concentrates on recruiting, organic growth, and enhancing the advisor experience. Mike O’Meara succeeds him as Central Division Director. Bert White continues to guide the Western Division with his steady leadership.
Furthermore, Michael Tormey, RJA PCG COO-Strategic Initiatives, joins Kim Jenson’s team as Managing Director of PCG Strategic Initiatives, broadening his role to encompass all our wealth management businesses.
The?Veteran Financial Advisors Network (VFAN) recently held the 2024?VFAN Annual Meeting where veteran advisors had the chance to learn from one another as they grow their businesses and advocate for important causes within our firm and communities. Held at the?Innisbrook Golf Resort in Palm Harbor, Florida, this event gave like-minded veterans the chance to gain valuable insights from fellow veterans, connect and grow. VFAN works in conjunction with Valor, a network of Raymond James associates with ties to the military community, to help veterans discover, build, and maintain rewarding careers as financial advisors.
Raymond James Marketing was recently recognized as the WealthManagement.com Industry Awards* for their Intergenerational Wealth Transfer Campaign, wining the Digital Marketing Campaign of the Year! The campaign was designed to support advisor-client conversations and relationships, as well as enhance Raymond James brand awareness. Scalable for advisors to use in the forms of a website module and supportive off-the-shelf, client-approved resources, the campaign reinforced that a strong financial advisor who understands the many aspects of your life can support your present goals and needs while also preparing for the longevity of your wealth into future generations.
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New Joins
The past few months have been a remarkable journey of growth, with many exceptional advisors joining the Raymond James family. We invite you to hear their experiences as they embark on this exciting new chapter with us.
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Financial advisor, RJA
New York, New York
AUM: ?$245 million
“This transition is reflective of my dedication to client service and long-term stability. By joining Raymond James, I found a partner that shares my values both professionally and personally, while empowering me to confidently serve my clients with an array of innovative resources.”
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Financial advisor, RJA
Dublin, Ohio
AUM: $140 million
“We are thrilled to join a firm that shares our dedication to integrity and client success, and we look forward to leveraging its robust resources and support to help enhance our clients’ financial journeys.”
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Financial advisor, RJA
Frisco, Texas
AUM: $150 million
“What truly stands out to me about Raymond James is its unwavering client-focused approach and the robust support it provides to financial advisors. The extensive range of support and the expertise of specialized teams empower me to better serve our clients’ diverse needs.”
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Financial advisors, FID
Sioux Falls, South Dakota
AUM: $165 million
“We are very pleased to partner with the Raymond James Financial Institutions Division. This partnership will enable our team to provide Raymond James' robust financial planning tools to our clients. These added resources, in conjunction with our shared commitment to customer service, will help our wealth management team continue to meet our clients' financial goals – both now and in the future.”
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Financial advisors, RJA
Fort Wayne, Indiana
AUM: $290 million
“At Raymond James, we found a welcoming culture that offers a high level of independence. This environment allows us to tailor our services to better meet our clients’ needs while maintaining our brand identity.”?
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Financial advisors, RJA
Ponte Vedra Beach, Florida and Fort Collins, Colorado?
AUM: $360 million
“Raymond James is visibly enhancing and promoting the human side of investment service, and we are excited to continue growing our practice with that foundation of support.”
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Financial advisor, RJFS
Northfield, New Jersey
AUM: $140 million
“Raymond James provides a people-first culture towards serving our team and clients, and prioritizes support for the advisor-client relationship.?By partnering with Raymond James, we have gained access to more robust technology platforms with the freedom and resources to continue helping our clients with independent, holistic and advanced financial planning.?In addition, we now have access to more investment tools as well as sophisticated investment strategies which help enable us to provide our clients with excellent service.”
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Financial advisor, FID
Woodlands, Texas
AUM: $197 million
“Affiliating with Raymond James' Corporate RIA model in addition to our national network of banks and credit unions offers advisors tremendous flexibility and, in many cases, combines the best of both worlds for them and their clients.”
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Financial advisors, RJFS
Littleton, Colorado
AUM: $300 million
“With Raymond James, we have found a partner that shares our dedication to holistic financial planning and our fiduciary responsibility. Its cutting-edge resources and client-first philosophy empowers us to deliver even greater value and comprehensive financial strategies.”
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Financial advisors, RJA
Brandon, Mississippi
AUM: $360 million
“Raymond James offers us the opportunity to partner with a firm that shares our customer first mentality. The firm prioritizes the customer experience and allows the advisor the flexibility to manage client portfolios with a wide range of offerings.”
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领英推荐
Financial advisors, RJFS
Salt Lake City, Richfield and St. George, Utah
AUM: $1 billion
“By aligning with Raymond James, our practice has gained the autonomy and advanced resources to focus on finding effective strategies for our clients’ financial needs well beyond standard investment management and products.”
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Financial advisor, RJA
San Jose, California
AUM: $112 million
“What drew me to Raymond James was the culture. Raymond James best reflects what I believe a brokerage firm should be: putting client goals and interests first, while providing the advisor with tools and resources to meet client objectives.”
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Financial advisor, RJA
Wilmington, North Carolina
AUM: $120 million
“The culture and technology offered at Raymond James provides an ideal environment for me to continue offering bespoke, high-quality financial strategies to my clients. The firm stands out for the independence offered to advisors and its steadfast focus on client needs, and I look forward to employing its resources to help surpass client goals.”
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Financial advisor, RJA
Woodlands, Texas
AUM: $130 million
“My decision to join Raymond James was heavily influenced by the firm’s client-centric culture and array of resources which enable me to serve my clients at a high caliber. Helping clients reach their goals is at the core of what we do as advisors, and this transition reflects my commitment to expanding on my clients’ goals.”
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Financial advisors, RJA
Irvine, California
AUM: Over $600 million
“As financial services becomes increasingly dependent on emerging technology, the technological offerings at Raymond James give us assurance that we will remain ahead of the curve. The platforms offered by the firm allow us to take advantage of innovations that we would otherwise not have been exposed to.”
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Financial advisor, RJFS
Rapid City, South Dakota
AUM: $250 million
“The banking and cash management capabilities of Raymond James Bank in addition to Raymond James Trust provide strategic solutions for my clients as they accumulate wealth, create income in retirement and eventually plan for the transfer of assets through their estate plan.”
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Financial advisors, RJA
Sullivan, Indiana
AUM: over $250 million
“Raymond James empowers us to operate our business independently while enhancing client service through innovative technology and back-office support. What truly distinguishes Raymond James is the autonomy it provides, allowing us to craft a succession plan that aligns with our long-term vision.”
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Financial advisors, RJA
Las Vegas, Nevada
AUM: over $1.1 billion
“After extensive deliberation and due diligence, our team partnered with Raymond James for its advanced technology platforms, specifically designed to serve business owners and high-net-worth individuals and families. The ability to access Raymond James Investment Banking was also a pivotal factor in our decision.”
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Financial advisors, RJA
Idaho Falls, Idaho
AUM: over $470 million
“This transition marks an important step in aligning our team’s values with a firm that prioritizes both client service and independence. A crucial factor in our decision was the ability to support our clients according to their needs and we found that the wealth management focus at Raymond James fosters a culture where this is emphasized.”
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Christopher Scott, Kevin Klein, Michael Gates and Salvatore Gandolfo
Financial advisors, RJA
Williamsville, New York
AUM: over $1 billion
“The culture and leadership at Raymond James were key factors in our decision to transition to the firm. Knowing that much of the firm’s leadership comes from a financial advising background means they have experienced the same policies we do, fostering a deeper sense of accountability and shared values.”
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Financial advisor, RJA
Fort Worth, Texas
AUM: over $1.3 billion
“At Raymond James, we have found a firm that shares our commitment to client service and advisor independence, which allows us to continue putting our clients first while growing our practice in a way that aligns with our long-term goals.”
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Financial advisor, RJFS
Newnan, Georgia
AUM: $130 million
“My decision to join Raymond James was significantly influenced by the firm’s exceptional culture and unwavering commitment to providing comprehensive investment options for clients. To truly serve our clients, robust back-office support and innovative technology are essential and Raymond James excels in both areas, ensuring we deliver a high level of service and expertise.”
Financial advisors, RJFS
Cary, North Carolina
AUM: $150 million
“Raymond James offers the advanced technology and products, plus the autonomy required, to help enhance and grow the practice. Also, by pairing with Ryan as a next-generation advisor, I’m confident that he can help carry out our long-term business plan and provide our clients with the steadfast service they deserve for decades to come.”?
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For Financial Professional Use Only.
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*The?WealthManagement.com?Industry Awards for Brokers/Dealers with greater than 1,000 Advisors in the Digital Campaign of the Year category are based upon completion of a nomination application. For the 2024 awards, more than 400 companies submitted over 1,000 nominations. Firms nominate their initiatives created to help advisors better manage their business. Firms can submit their initiative nominations for one of 92 total sub‐category awards. A panel of industry professionals which includes individuals from industry publications, industry consulting firms and brokerage/advisory firms are selected to vet the finalists and vote on a winner or winners for a particular category or sub‐category award. The honorees were chosen for the Digital Marketing Campaign of the Year award based upon the following methodology: 1.) A new marketing, lead generation, nurturing or brand building campaign, or enhancement to an existing campaign; that leverages integrated digital channels, including social media, to deliver the firm’s message with compelling call to action. 2) Criteria include direct business results such as leads generated, new clients converted, incremental revenues booked, enhanced closing rates, increased share of existing client wallet, etc., as well as subjective measures of creativity, imagination and new ways to leverage digital channels to deliver a compelling marketing message. Time period upon which the rating is based is from 12/1/2022 to 5/31/2024, and was released on 9/5/2024. This ranking is not based on the services/advice offered by our financial advisors. This recognition is not an endorsement of Raymond James nor is it representative of the client experience with the firm or its advisors. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award. WealthManagement.com is not affiliated with Raymond James.
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