Raymond James extends reach in Alaska with breakaway advisors

Raymond James extends reach in Alaska with breakaway advisors
The two advisors are joining from Morgan Stanley and Merrill Lynch, where they collectively managed more than $500M.
JUN 05, 2024

Raymond James is extending its reach to the far North as it adds two breakaways from wirehouse giants in Alaska who reportedly oversaw more than half a billion dollars in combined assets at their former firms.

Raymond James announced Wednesday it has expanded its operations in Alaska, welcoming financial advisors Keith Green and Jon Coon to Raymond James & Associates in Anchorage.

The advisors will be reporting to Michael O'Meara, Midwest regional director for Raymond James’s employee advisor channel, and collectively manage over $598 million in client assets.

Keith Green, formerly of Morgan Stanley, managed over $290 million in assets. He now leads Borealis Wealth Advisory of Raymond James, accompanied by investment portfolio associate Christian Deykes. Together, they offer financial guidance to various clients including business owners, executives, and non-profit organizations.

Jon Coon, who managed approximately $308 million in assets at Merrill Lynch, joins Raymond James with client service associates Gail Hill and Ally Berg. Operating as Pioneer Peak Wealth Management of Raymond James, his team provides comprehensive wealth management services to individuals, families, and corporate retirement plans.

The new advisors and their teams establish a new branch office for RJA in Anchorage, marking an expansion of the firm's footprint in the Last Frontier. Todd Lovell, Idaho complex manager, and Nancy Olzack, division sales manager, supported the transition.

"The establishment of RJA's new Anchorage office underscores our continued commitment to expanding the firm's presence and capabilities across the US," O'Meara said in a statement.

"Raymond James distinguishes itself by prioritizing its advisors and their clients, making it a standout choice for our team," Coon said.

A navy veteran, Coon began his career in 2007 at Smith Barney and served as senior vice president and resident director at Merrill Lynch.

He highlighted the firm’s “abundance of resources, tools, and technological solutions,” as well as “the culture that not only allows but encourages us to actively engage and serve within our local community."

"Simply put, Raymond James embodies the essence of what a contemporary wealth management firm should be," said Green. "It's evident that the firm genuinely values the advisor-client relationship, ensuring that meeting clients' needs remains a top priority."

Green brings over 25 years of financial services industry experience to his role as senior vice president of wealth management. Prior to Morgan Stanley, he was an advisor at Salomon Smith Barney.

Earlier on Monday, Raymond James announced it had welcomed a trio of financial advisors to its independent advisor channel in Florida. That new team, operating as Scroggie Meffert Davis and Associates at Raymond James Financial Services, includes financial advisors John Meffert, Warren “Jud” Scroggie and Ross Davis, who managed roughly $490 million in client assets at Merrill Lynch.

Latest News

Women take the lead in most households' financial decisions, CFP Board finds
Women take the lead in most households' financial decisions, CFP Board finds

New research reveals women's influence in family decision-making, their top financial goals, and how concern for other household members helps shape their priorities.

Creative Planning expands in California with Maxwell Wealth Strategies
Creative Planning expands in California with Maxwell Wealth Strategies

The $345 billion RIA giant is extending its footprint in the West Coast as it lands its first deal for 2025.

Client retention is job number one
Client retention is job number one

Advisors leaning heavily toward fee-based services today enjoy a key competitive edge over commission-based practices – and it all hinges on preserving client loyalty.

Fed's Barr sounds off on risks from AI's speed
Fed's Barr sounds off on risks from AI's speed

The top cop at the Federal Reserve speaks out on possible herding behavior, with economic "gains being realized only by a small group."

60-year-old New York broker-dealer files bankruptcy, closes down
60-year-old New York broker-dealer files bankruptcy, closes down

Stoever, Glass & Co. Inc. opened in May 1964 and focused on municipal bonds.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.