Raymond James said Wednesday that an Indiana team that managed $335 million at Edward Jones is joining the firm's independent advisor channel, Raymond James Financial Services.
Brothers Nate Pendill and Benjamin “BJ” Pendill are co-founders of Pendill Wealth Management, which has offices in both Bloomington and Mooresville, Indiana. The firm's clients range from business owners and farmers to pre-retirees and retirees.
“After extensive due diligence, we were drawn to Raymond James for its culture of independence. We believe that this partnership will provide the best opportunity for us to serve our clients’ unique needs and objectives how we see fit,” Nate Pendill said in a statement.
Nate Pendill has 22 years of experience, having started at Edward Jones in 2001. BJ Pendill started at Edward Jones in 2002.
The team includes a branch office manager, Karen Brooks, and staffers Denise Aspin, Leigh Ann Perdue and Rebekah Pendill.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.