Abbie Osterbur and Niralee Patel, who managed $160 million at Merrill Lynch, have moved to Raymond James & Associates, the employee adviser channel of Raymond James, the firm announced Tuesday.
They are joined in the move by a staffer and will do business as Osterbur Patel Wealth Management in Champaign, Illinois.
“We were attracted to Raymond James because of the firm’s client-first mentality and planning-centric approach to wealth management,” Osterbur said in a statement. “The promise of autonomy to run our practice as we see fit was also a big draw.”
Osterbur began her career at Merrill Lynch in 2012. Patel joined Merrill Lynch in 2013 and had been an adviser there since 2014.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
