Raymond James is extending its profile in the West Coast wealth market as its employee advisor division welcomes a seasoned breakaway advisor.
The firm announced that Raymond James & Associates has added veteran financial advisor Terrence “Terry” Medley to its San Jose, California office. Medley joins RJA after managing approximately $112 million in assets at Wells Fargo Advisors.
The move was confirmed by John Simmons, regional director for Raymond James in California.
With more than 44 years of experience in the financial services sector, Medley has built a reputation for working with business owners, corporate executives, families, and retirees.
His career began at E.F. Hutton, which is now part of Morgan Stanley Wealth Management. Before working at Wells Fargo for the past 13 years, Medley spent time as an advisor and registered broker at a number of other firms including Lehman Brothers, Prudential Securities, and Ameriprise, according to his BrokerCheck profile.
Medley, along with financial advisor trainee Dan Medley, will operate under the name Medley Wealth Management of Raymond James. The team will serve clients as part of Raymond James’ Silicon Valley branch, which is led by branch manager Chris Weng.
In discussing his decision to move to Raymond James, Medley highlighted the firm’s culture and commitment to client-centered service.
“Raymond James best reflects what I believe a brokerage firm should be: putting client goals and interests first, while providing the advisor with tools and resources to meet client objectives,” Medley said in a statement.
The move in California follows other additions to Raymond James this month, including a $360 million advisory team from LPL and another $1 billion team in Utah. Before that in August, it saw a streak of recruitments capped off by a $197 million advisor who joined via the firm's recently unveiled corporate RIA affiliation model.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
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