Raymond James has bolstered its financial advisory network by welcoming two advisor groups, bringing a combined $500 million in client assets under management.
The groups, hailing from Indiana and South Dakota, transitioned from Edward Jones and LPL Financial respectively, marking significant additions to both the employee and independent channels.
In Sullivan, Indiana, the Burkhart Wealth and Retirement team, led by Bryan Burkhart, has joined Raymond James & Associates, the firm’s employee advisor channel, through its Advisor Select model.
The group, which also includes Gretchen Burkhart, Gabriele Burkhart, and client service associates Lisa Chastain and Megan Simpson, previously managed more than $250 million in assets at Edward Jones. They will continue serving healthcare professionals, business owners, pre-retirees, and retirees under the leadership of Evansville branch manager Timothy Gunn.
In a statement on the move, Bryan Burkhart emphasized the benefits of Raymond James' structure for both advisors and clients.
“Raymond James empowers us to operate our business independently while enhancing client service through innovative technology and back-office support. What truly distinguishes Raymond James is the autonomy it provides, allowing us to craft a succession plan that aligns with our long-term vision,” said Burkhart, who began his career at Edward Jones in 1993.
Meanwhile, in Rapid City, South Dakota, Taylor Thompson has joined Raymond James Financial Services, the firm’s independent advisor channel, with over $250 million in assets previously managed at LPL Financial.
Thompson, founder of Thompson & Co. Wealth Management, offers wealth management strategies to a diverse client base including business owners, families, and foundations. His practice focuses on investment management, retirement planning, and estate planning, with added capabilities through Raymond James Bank and Raymond James Trust.
“The deep-rooted, client-first culture at Raymond James was the foundation of my decision to join the firm. Additionally, I wanted a partner firm that brings breadth and depth to a full scope of financial planning needs beyond just investment management and retirement planning,” Thompson said separately.
Raymond James's latest additions build on its slow-so-far October, which began with a $600 million team that transitioned from Merrill.
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.
