Raymond James is poised to finish its February acquisition sprint on a strong note as it onboards another high-net-worth practice into its ranks. The firm announced that Raymond James Financial Services, its independent advisor channel, has just welcomed Jesse Anderson, Christopher McKelvey, and Anthony Gilotti.
Based in Winter Park, Florida, Anderson, McKelvey, and Gilotti are joining the firm from Merrill Lynch, where they ran a practice with over $450 million in client assets under management.
Operating under the banner of Anderson McKelvey Group, the three advisors bring together 36 years’ worth of industry experience across multiple areas of expertise, including financial planning and investment advice.
Their client relationships cover a diverse cross-section of the high-net-worth space, with clients running the gamut from families to retirees, business owners, and corporate executives in the aerospace and defense sectors.
They are joined by their support staff, which includes client service associates Sharon Bhowanidin and Gladys Green, as well as branch operations coordinator Brandon Matadin.
“We feel that Raymond James has the perfect combination of large firm resources with small firm independence,” Anderson, a 22-year veteran of the industry, said in a statement. “Once we explored the firm’s culture and capabilities, the decision became an easy one.”
“I’m pleased to welcome the team of talented advisors and professionals at Anderson McKelvey Group to Raymond James,” said Todd Gartrell, who heads the Southeast division for RJFS.
The Anderson McKelvey Group’s transition to Raymond James comes just a few days after the independent wealth giant announced it was welcoming VistaCrest Financial, a Texas-based practice with a reported $123 million in client assets.
The move is also the latest in a handful of advisor departures from Merrill Lynch this month, including the recent exodus of $2 billion practice Foley DeLuise & Associates to UBS. A billion-dollar advisor duo also left Merrill Lynch to start afresh at LPL with their Pennsylvania-based practice.
Deal adds a $299 million tax-and-wealth practice as the RIA aggregator advances acquisition strategy around integrated financial and tax planning.
Large and mega plans show strongest appetite, but fee confusion persists.
Many people are taking a dangerous gamble with their financial future, new study warns.
Britt is named CFO of Wipfli, a $600 million accounting firm that audits two NFL franchises
The acquisition pairs Zephyr's 21,000-product separately managed account database with YCharts' newly launched AI agent assistant for investment research.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
