Raymond James adds $335M team from Edward Jones

Raymond James adds $335M team from Edward Jones
Indiana-based Pendill Wealth Management has offices in Bloomington and Mooresville.
AUG 30, 2023

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.

Why Warren Buffett's strategy of wide-moat stocks beats the market

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.