Raymond James is once again welcoming defectors from Edward Jones, this time with two independent advisor additions in the Pacific Northwest.
The firm announced Thursday that it has welcomed Brian Harmon and David Brown to its independent advisor channel, Raymond James Financial Services.
Based in Vancouver, Washington, the duo are joined by client service manager Shannon Bornhorst as they co-found of Vista NW Wealth Management, .
Previously managing approximately $190 million in client assets at Edward Jones, Harmon and Brown focus on comprehensive wealth management for families, business owners, and corporate executives.
“David and I are excited to join Raymond James, which offers the culture and infrastructure that are essential to support the kind of independent practice we want to build,” Harmon said in a statement. “In addition, the advanced technology and resources available at the firm are well-suited to complement the services that are most important to our clients.”
Harmon comes to RJFS with nearly two decades of experience in financial services, which he acquired at Edward Jones. Brown brings ten years of experience as a financial advisor, leveraging his background to serve clients with exit planning and retirement strategies.
“Brian and David’s client-first approach and strong track record align well with the values of Raymond James,” said Bill Counsman, western division director for RJFS.
Harmon and Brown's move to Raymond James continues a streak of ex-Edward Jones advisors going to RayJay in the past few weeks. Most recently in North Carolina, the firm welcomed Jay Smith, a 35-year veteran who works with a diverse clientele of business owners, corporate executives, families, and individuals to its employee advisor division, Raymond James & Associates. Smith, who joined as first vice president of wealth management, highlighted the firm's "advanced technology and extensive back-office support" as well as its "small, personable feel."
In the days prior, Raymond James announced three successive conversions from Edward Jones into RJFS in Florida, North Carolina, and Georgia, welcoming four advisors who'd previously managed a collective $385 million in client assets.
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
