The advisor world continued to churn in Florida this week, with experienced advisors from Truist and Raymond James ending their respectve affiliations to join rival broker-dealer firms.
Richard Knight, Brent Detweiler and Phillip Margy joined Raymond James' independent advisor channel after leaving Truist Investment Services, where the trio had managed roughly $430 million in client assets.
In a Tuesday announcement, Todd Gartrell, Southeast division director for Raymond James Financial Services welcomed the team, which is now based out of the existing Fortuna Wealth office in Melbourne.
They will be working alongside client services managers Gaye Abramski and Michelle McDonald to serve business owners, families and retirees.
Knight, whose 10 years of industry experence include the past nine at Truist, said the firm's technology and investment resources were central to the decision.
Margy brings 34 years of industry experience to the practice, while Detweiler entered the business in 2020.
In Miami, Janney Montgomery Scott added Ginsburg Private Wealth, a two-person team led by Keith Ginsburg that previously operated under Raymond James and managed more than $300 million in client assets.
Ginsburg is joined by Karla Avecillas, who has spent close to two decades supporting clients and handling portfolio reporting and analysis.
He said the move reflected a search for a firm culture that matched his practice's relationship-driven approach, adding that the new setup preserves flexibility while supporting continued growth.
“Relationships have always been the foundation of our practice, and we wanted a firm where that philosophy wasn't just part of the messaging, but reflected in the culture and the way advisors are supported,” he said.
Johnson Stivender Wealth Advisors, a private wealth practice in Sebring led by Dusty Johnson, Craig Johnson and Travis Stivender, left Raymond James Financial Services for the independent channel of Ameriprise Financial after more than 25 years with their prior firm.
The practice, which manages upward of $270 million in assets, is supported by operations manager Michele Bednosky and client relationship specialist Kristin Johnson, according to an announcement from Ameriprise. The team pointed to succession planning as a decisive factor driving the move.
"One of the biggest factors in our decision was finding a firm that could help us thoughtfully prepare for the future of our business," said Craig Johnson, whose BrokerCheck record reflects 40 years of experience in the industry.
Dusty Johnson said Ameriprise's technology platform stood out, while Stivender cited the firm's coaching and growth-oriented culture, along with its financial planning tools, as reasons for the switch.
Ameriprise has added roughly 1,700 advisors to its ranks over the past five years, according to the company.
Crown Legacy Wealth joins the fast-growing hybrid RIA as advisor recruitment intensifies across the wirehouse channel.
So far, legal settlements involving Jim Walesa since 2021 have cost Osaic about $26.3 million.
New survey data show record contributions and investing gains, even as employer education on retirement use stays limited
Phoenix-based Brookwood Investment Group taps the AI-native wealthtech firm as its advisor count and AUM keep climbing
To achieve contentment, advisors should think twice before selling their firms for the biggest dollar amount.
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
