Raymond James has expanded its roster with the addition of two financial advisors in Oklahoma.
The firm announced that it has welcomed Mike and Shaley Sikes, who most previously oversaw a collective $200 million in client assets at Edward Jones.
The husband-and-wife team have founded of Sikes Wealth Partners in Edmond, Oklahoma, as they officially join Raymond James’s firm's independent advisor channel.
"In today's landscape, clients demand more than just investment management from their advisors. They seek comprehensive solutions for their complex financial needs and a meaningful, purpose-driven approach to financial planning," Mike Sikes said in a statement Monday.
He said the decision to align with Raymond James benefits their new practice through the firm’s “exceptional array of products, state-of-the-art technology, and top-tier service.”
He also cited the independent brokerage’s “conservative philosophy and unwavering commitment to strong corporate values."
Joining the Sikes in their new venture is client service manager Susan Moore. Together, the Sikes Wealth Partners team provides tailored investment services to business owners, families, women investors, and clients nearing or living in retirement.
Shaley, who has 12 years of experience, emphasized the importance of a personalized approach in their practice.
"[W]e’ve grown to realize that our clients needed a more personalized approach than we were able to provide [at Edward Jones, and Raymond James allows us the opportunity to advocate for our clients that don’t fit the mold,” she said.
"As a husband and wife advisor team, family is a core focus, and Raymond James feels like home,” she added.
Most recently, Raymond James’s independent advisor unit expanded its presence in the American Sun Belt by welcoming a veteran advisor from Merrill Lynch in Florida.
In March, Edward Jones saw another advisor couple leave its network in Texas, where financial advisors Heidi and Nicholas Irwin moved their tax-focused planning practice over to Avantax.
Wells Fargo affiliate and women-focused wealth firm both promote leadership as they scale advisor support.
Todd Bryant of Signature Wealth Partners on vanishing pensions, SECURE Act 2.0, and what clients really want to know.
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.
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
