Advisor moves: LPL and Raymond James add veteran advisors in California

Advisor moves: LPL and Raymond James add veteran advisors in California
The Runyan Capital team in Beverly Hills, California.
LPL welcomes a Beverly Hills-based practice from Wedbush Securities as RayJay adds a Stifel alum to its employee advisor arm.
JUN 12, 2025

LPL Financial and Raymond James are making moves in the West Coast, where both firms recently welcomed veteran advisors from rival broker dealers.

LPL welcomes Beverly Hills practice

LPL announced it has added Beverly Hills-based Runyan Capital, led by Jeff Runyan, who was previously affiliated with Wedbush Securities. The team joins LPL’s broker-dealer, RIA and custodial platforms, bringing approximately $330 million in client assets across advisory, brokerage and retirement plans.

Runyan, who launched the firm in 2010, described his investment philosophy as rooted in behavioral economics and guided by a structured portfolio process.

“The Runyan Capital process of building portfolios for each client incorporates behavioral economics research, taking a disciplined and proactive approach that helps prevent reactionary changes, aligns with each client's individual goals, and contributes to their long-term success,” he said in a statement on Thursday.

The team also includes client associates Connor Brumfield, Sam Aamot and Jenni Runyan, Jeff Runyan’s wife.

Recently, LPL also expanded its reach in Virginia with the addition of a father-son tandem previously from L.M. Kohn & Company.

Raymond James adds veteran advisor from Stifel

Meanwhile, Raymond James has brought on John Hutchinson to its employee advisor channel, Raymond James & Associates. Hutchinson Wealth Services of Raymond James, located in Walnut Creek, California, reported overseeing $135 million in client assets at Stifel before the move.

Hutchinson has worked in financial services for nearly three decades and had been with Stifel since 2011. In his new role as senior vice president of investments, he continues to focus on individual and family clients, particularly those approaching or entering retirement.

“I’m passionate about personalized service,” Hutchinson said in a statement. “Ultimately, I develop a coaching style relationship with my clients.”

He is supported by client service associates Gina Jameson and Lisa Hutchinson.

Separately, Raymond James also disclosed the addition of advisor Jason Buford to its Financial Institutions Division. Buford has joined First Investments & Planning at FNBO in Overland Park, Kansas, where he will offer investment and wealth management services through Raymond James Financial Services. Bringing more than 20 years' experience, he previously oversaw $260 million in client assets at UMB Financial Services.

“Jason brings a strong commitment to helping clients navigate complex financial decisions and developing tailored strategies to achieve their unique financial goals,” said Grace Austin, a senior vice president at Raymond James.

Raymond James' institutions division landed a major blow against LPL last month as it announced Trustmark National Bank would be running the investment and wealth management services under its Trustmark Financial Services offering, including a $2.7 billion book of business, through FID.

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