Donald Runkle, ex-chief compliance officer for Raymond James Financial Services, joining law firm

Plans to help Edgerton & Weaver, which specializes in representing B-Ds, RIAs and registered reps, build its consulting business

May 13, 2014 @ 1:13 pm

By Bruce Kelly

 donald runkle, raymond james financial services, edgerton weaver, attorney, regulatory, litigation
+ Zoom
Donald Runkle

The former longtime chief compliance officer for Raymond James Financial Services Inc., Donald Runkle, is joining the law firm of Edgerton & Weaver as director of consulting services.

With offices in California, New York and Florida, Edgerton & Weaver specializes in representing broker-dealers, registered investment advisers and registered reps in litigation and regulatory matters.

“This representation has also led to a growing variety of consulting engagements, and the firm has asked me to join them to lead these consulting efforts and grow the practice,” Mr. Runkle wrote in an e-mail to InvestmentNews. “Our group will be helping clients develop, implement and execute strategies to mitigate or eliminate litigation and regulatory risks.”

Mr. Runkle's departure last month from Raymond James Financial Services came as a surprise to some who know that firm well. He had been with RJFS — and its prior incarnations — since 1993.

With 3,279 affiliated registered reps and advisers, RJFS is the independent broker-dealer arm of Raymond James Financial Inc. It is the third largest independent broker-dealer in the industry, with $1.35 billion in 2013 revenue, according to InvestmentNews' latest survey.

0
Comments

What do you think?

View comments

Recommended for you

Latest news & opinion

The appeal and pitfalls of holding unconventional assets in retirement accounts

While non-traditional asset classes held in individual retirement accounts may have return and portfolio diversification benefits, there are "unique complexities" that limit their value for most investors.

Wells Fargo's move to boost signing bonuses could give it a lift

Wirehouse is seen as trying to shore up adviser ranks that took a hit after banking scandal

New Jersey fines David Lerner Associates for nontraded REIT sales

Firm will pay $650,000 for suitability, compliance and books and records violations.

Report predicts $400 trillion retirement savings gap by 2050

Shortfall driven by longer life spans and disappointing investment returns.

Wells Fargo will ramp up spending to lure brokers

Wirehouse, after losing 400 brokers in first quarter, is bucking trend among rivals who have said they are going to cut back on spending big bucks recruiting veteran advisers

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print