$300M Northwestern Mutual team decamps to RayJay

$300M Northwestern Mutual team decamps to RayJay
The group led by a trio of advisors is joining the firm’s independent advisor channel in Colorado.
AUG 29, 2024

Raymond James has notched another recruiting win at its independent advisor channel as it welcomes a trio of Colorado advisors from Northwestern Mutual.

The firm announced Thursday that Raymond James Financial Services has added Garrison Financial Group, a Colorado-based advisory team.

The group, led by financial advisors Craig Garrison, Timothy Hall, and Matthew Strelau, recently transitioned from managing $300 million in client assets at Northwestern Mutual to join RJFS.

Garrison Financial Group operates out of Littleton, Colorado, where it offers a range of financial services to a diverse clientele that includes business owners, corporate executives, families, and retirees.

The team is further supported by investment broker Andrew Ekberg, along with client service associates Emily Gabriel, McKell Gurewitz, Misty Cummins, Andy Hackard, Jared Espinoza, and Kate Kaye. Marketing efforts are spearheaded by consultant Katie Cline.

Garrison, the group’s founder, highlighted Raymond James’s alignment with his team’s “core values and commitment to our clients.

“Our clients' financial well-being has always been our top priority, and this move reinforces our ability to provide the sophisticated, personalized financial planning they deserve,” he said in a statement.

Garrison brings over 19 years of experience as a financial advisor at Northwestern Mutual, according to his BrokerCheck profile, which followed his early career as a public accountant.

Hall echoed Garrison’s statement, describing their new firm as “a partner that shares our dedication to holistic financial planning and our fiduciary responsibility.

“Its cutting-edge resources and client-first philosophy empower us to deliver even greater value and comprehensive financial strategies,” Hall said.

The Garrison group’s move in Colorado builds on other recent recruitment moves, including a former Wells Fargo advisor that switched to RJFS in New Jersey and a Texas advisor that joined through Raymond James’s new corporate RIA model.

Latest News

Five-person Raymond James team jumps to Janney in Maryland
Five-person Raymond James team jumps to Janney in Maryland

The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.

$20B Merit looks to next phase as Constellation takes minority stake
$20B Merit looks to next phase as Constellation takes minority stake

The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC’s Aspire Holdings exited their investments.

$350M father-son duo hops from Osaic to Equitable Advisors
$350M father-son duo hops from Osaic to Equitable Advisors

The latest departures in Ohio mark another setback for the hybrid RIA, which is looking to "expanding its presence across all models and segments of the wealth management industry.”

Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds
Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds

The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.

SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees

Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.