Raymond James reels in $828M team from RBC

Raymond James reels in $828M team from RBC
The firm's latest additions, including two brothers, bolster its employee advisor business in Scottsdale, Arizona.
APR 04, 2025

Raymond James has bolstered its employee advisor division with the addition of a veteran advisory team in Scottsdale, Arizona, managing more than $800 million in assets.

The group – made up of Brian Flader, Michael Flader, and Chris Young – joined Raymond James & Associates, the firm’s employee channel. The three advisors previously oversaw approximately $828 million in client assets while at RBC Capital Markets.

The team operates under the name Flader & Young Wealth Management of Raymond James and is based at the company’s Scottsdale branch. They serve a mix of business owners, families, individuals, retirees and those nearing retirement.

They are joined by senior client service associates Brittney Beard and Jamie Turner, who also made the move from RBC.

Brian Flader brings three decades of experience in the financial services industry, including the last 16 years with RBC and an earlier 13-year tenure with UBS; his brother, Michael Flader, has 27 years of experience. Both now serve as senior vice presidents of investments and portfolio management directors.

Young, who is also taking on a senior vice president role at RJA, has worked in the industry for 24 years.

Brian Flader, Michael Flader, and Young all had tenures at UBS before transitioning to RBC in 2008 according to their BrokerCheck profiles.

The move in Arizona is the latest in a string of additions to Raymond James' employee advisor arm, which earlier this week added a five-advisor breakaway team from Merrill in Alaska and another team from Morgan Stanley based in West Virginia.

In October, RJA scored another substantial win at RBC's expense with the addition of a $1.1 billion team in Las Vegas, Nevada.

At last count, Raymond James had 3,826 employee advisors within its Private Client Group, according to its fourth quarter earnings report for the fiscal year 2024, which ended in September.

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.