An advisor group with about $600 million in consumer property is becoming a member of Raymond James & Associates from Wells Fargo Advisors.
Monetary advisors Geoffrey P. Sisk, Hynson H. Marvel and Jason Statuta will kind Sisk & Marvel Funding Group of Raymond James, and shall be based mostly in Richmond, Va. At Wells Fargo, the group specialised in working with a wide range of shoppers, together with high-net-worth people, foundations and endowments. Sisk stated the group thought of a number of corporations earlier than choosing Raymond James, saying it was looking for a 'consumer centered' agency.
“Moreover, due to our consumer combine, it was necessary to us that the agency has complete belief and banking companies in home,” Sisk stated. “We additionally appreciated that Raymond James has a sturdy know-how platform and provides agency-style advertising and marketing assist.”
In January, Raymond James reached an settlement to buy New York-based Silver Lane Advisors, a boutique funding financial institution specializing in serving to monetary companies corporations with mergers and acquisitions. The agency fashioned a brand new asset and wealth administration group inside Raymond James Funding Banking’s monetary companies apply.
The brokerage additionally moved to increase its companies in Canada, saying the formation of a belief firm in Montreal, Quebec to supply “built-in property/succession, belief and energy of legal professional/mandate companies” to advisors and portfolio managers all through Canada.
One week earlier, Raymond James introduced plans to create a community to assist patrons and sellers of advisory practices to attach with one another. The platform could be obtainable completely to Raymond James advisors, with work on it anticipated to be accomplished by the tip of the yr.
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