Raymond James is extending its reach to the far North as it adds two breakaways from wirehouse giants in Alaska who reportedly oversaw more than half a billion dollars in combined assets at their former firms.
Raymond James announced Wednesday it has expanded its operations in Alaska, welcoming financial advisors Keith Green and Jon Coon to Raymond James & Associates in Anchorage.
The advisors will be reporting to Michael O'Meara, Midwest regional director for Raymond James’s employee advisor channel, and collectively manage over $598 million in client assets.
Keith Green, formerly of Morgan Stanley, managed over $290 million in assets. He now leads Borealis Wealth Advisory of Raymond James, accompanied by investment portfolio associate Christian Deykes. Together, they offer financial guidance to various clients including business owners, executives, and non-profit organizations.
Jon Coon, who managed approximately $308 million in assets at Merrill Lynch, joins Raymond James with client service associates Gail Hill and Ally Berg. Operating as Pioneer Peak Wealth Management of Raymond James, his team provides comprehensive wealth management services to individuals, families, and corporate retirement plans.
The new advisors and their teams establish a new branch office for RJA in Anchorage, marking an expansion of the firm's footprint in the Last Frontier. Todd Lovell, Idaho complex manager, and Nancy Olzack, division sales manager, supported the transition.
"The establishment of RJA's new Anchorage office underscores our continued commitment to expanding the firm's presence and capabilities across the US," O'Meara said in a statement.
"Raymond James distinguishes itself by prioritizing its advisors and their clients, making it a standout choice for our team," Coon said.
A navy veteran, Coon began his career in 2007 at Smith Barney and served as senior vice president and resident director at Merrill Lynch.
He highlighted the firm’s “abundance of resources, tools, and technological solutions,” as well as “the culture that not only allows but encourages us to actively engage and serve within our local community."
"Simply put, Raymond James embodies the essence of what a contemporary wealth management firm should be," said Green. "It's evident that the firm genuinely values the advisor-client relationship, ensuring that meeting clients' needs remains a top priority."
Green brings over 25 years of financial services industry experience to his role as senior vice president of wealth management. Prior to Morgan Stanley, he was an advisor at Salomon Smith Barney.
Earlier on Monday, Raymond James announced it had welcomed a trio of financial advisors to its independent advisor channel in Florida. That new team, operating as Scroggie Meffert Davis and Associates at Raymond James Financial Services, includes financial advisors John Meffert, Warren “Jud” Scroggie and Ross Davis, who managed roughly $490 million in client assets at Merrill Lynch.
Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.
The $36 million buy allegedly hid inflated books and a $50 million diversion.
“An award citing emotional distress is very unusual,” an industry executive said.
New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.
Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.
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
