Raymond James has added another advisor, continuing its strong start to the second quarter of 2025 for acquisitions.
Its newest recruit is David Tam, CEPA, AAMS, who joins the firm’s independent advisor channel having managed $325 million in client assets at Edward Jones where he had been an advisor for almost 22 years.
Tam recently shared his insights with InvestmentNews on how advisors can have the potentially tricky conversations with clients around wealth transfer including how to engage with younger generations.
“By identifying and vocalizing shared family values, financial advisors can develop flexible strategies that accommodate different risk tolerances and investment preferences,” he explains. “When families have the opportunity to share their investment and savings preferences openly, financial advisors can create a flexible go-forward strategy.”
His practice, Tam Wealth Management, is based in San Diego, California, and also includes client service associates Jenny Yeager and Kaley Tiller. The California native started his career at Bank of America in 1996 and became a senior personal banker. Until recently he was also a City of San Diego commissioner.
“With his extensive experience and well-established reputation within the industry, David is an exciting addition to our presence in Southern California,” said Casey McGee, Western assistant division director for RJFS. “I’m pleased that the firm’s value proposition, offering the capabilities of a large, national firm combined with the culture of a boutique, continues to attract such talented teams.”
Raymond James welcomed a veteran advisory team in Scottsdale, Arizona, managing more than $800 million in assets, to its employee advisor team last week, along with a $740 million AUM team in Juneau, Alaska, and a $465 million team in Huntington, West Virginia.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
