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.
Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.
Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.
National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.
While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.
A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
