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

Featured video

Events

3 Questions to ask yourself when making your succession plan

Michael Futterman from Janus Henderson Investors has sage advice for advisers as they approach retirement.

Latest news & opinion

Cetera Financial Group brokers taking wait-and-see attitude on sale

One issue in the wake of the firm's acquisition is whether they will be paid 'stay bonuses' to remain at the brokerage.

Fidelity backs away from being 'point in time' fiduciary for 401(k) plans

Some advisers think this indicates other providers will pivot in light of DOL fiduciary rule's death.

Bills to reform adviser regulation, increase sophisticated investors and protect seniors pass House

Measures included in package of 32 bipartisan bills meant to ease rules, spur investment

Genstar Capital buys majority stake in Cetera Financial Group

The private-equity firm has previously invested in such companies as Mercer Advisors and AssetMark.

Cetera Financial Group close to announcing its acquisition by private equity

Details of sale to one or more P-E firms could be announced as early as today.

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