Adrian John, who managed $200 million at Edward Jones in Seattle, has gone independent and affiliated with Raymond James Financial Services, the firm's independent adviser channel, Raymond James said.
John began his career in finance in 2010 at Edward Jones after earning a degree in social work and operating a small business.
Client services staffer Katherine Bowers is joining John in the move.
“Our primary strength is helping clients to plan for and stay on track to meet their financial and retirement goals," John said in a statement. "Raymond James offers planning software which incorporates more complexity and nuance, enabling me to advise clients on these important matters with better accuracy."
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
A new PitchBook analysis unpacks sticking points relating to liquidity, costs, and litigation risk for would-be investors and plan sponsors.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.
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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.
