Kevin Ruth, most recently head of wealth planning and personal trust at Fidelity Investments, has been named senior vice president of private wealth at Raymond James.
Ruth “will lead the firm’s commitment to providing advanced, custom wealth management strategies for advisers serving high-net-worth and ultra-high-net-worth clients,” the company said in a release.
He is based at the firm’s St. Petersburg, Florida, headquarters.
A 25-year veteran of the securities industry, Ruth developed and implemented private wealth programs at Merrill Lynch and UBS before joining Fidelity.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
