Advisers on the Move

FBT Investments loses $240 million team to Raymond James

Four reps at First Bank & Trust's securities unit in New Orleans join employee broker-dealer

Sep 18, 2017 @ 1:09 pm

By InvestmentNews

A four-rep team managing $240 million in assets at FBT Investments in New Orleans has joined the employee unit of Raymond James.

The four team members — Leonard Alsfeld, Leo Barros, Chris McLaughlin and Jannie Markey — will operate as AGESS Wealth Advisors of Raymond James. The name AGESS stands for accountability, guidance, ethics, stability and service.

(More: Raymond James adds Chicago advisers from Baird, JP Morgan)

Mr. Alsfeld began his financial services career in 1978 with First Jersey Securities in Boston. Since then, he has held management positions with several financial services and founded various businesses, including FBT Investments, the broker-dealer subsidiary of First Bank & Trust in New Orleans. He was president and CEO of FBT Investments and FBT Advisors.

In 2004, Mr. Alsfeld created FBT Film & Entertainment, the largest production tax credit broker in Louisiana, handling credits in excess of $240 million. He founded the Louisiana Association of Broker-Dealers and is a member of the Securities Industry Association and the Bank Insurance and Securities Association.

Mr. Barros joined the team at FBT Investments in 2010 after working as a research analyst with Wealth Planners in Baton Rouge, La.

Mr. McLaughlin began his career in 1993 with F.N. Wolf & Co. where he met Mr. Alsfeld. The two have worked together since.

(More: See all the latest moves in the Advisers on the Move database)

Ms. Markey, who has worked with Mr. Alsfeld for more than 20 years, served as chief administrative officer and director of operations at FBT Investments and FBT Advisors.

Joining the team later will be attorney Meg Kaul, who previously served as general counsel at FBT Investments.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

How 401(k) advisers can use 'centers of influence' to grow their business

Leveraging relationships with accounting, benefits, and property and casualty insurance firms can help deliver new business leads for retirement plan advisers.

Latest news & opinion

Things are looking up: IBDs soared in 2017

With revenue up, interest rates rising and regulation easing, IBDs are soaring.

SEC advice rule may give RIAs leg up over broker-dealers

Experts say advisers will be able to point to their role as fiduciaries as a differentiator in the advice market.

Brokers accept proposed SEC rule on who can call themselves an adviser

Some say the rule will clear up investor confusion, but others say the SEC didn't go far enough.

SEC advice rule: Here's what you need to know

We sifted through the nearly 1,000-page proposal and picked out some of the most important points.

Cadaret Grant acquired by private-equity-backed Atria

75-year-old owner Arthur Grant positions the IBD for the 'next 33 years.'

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print