Raymond James is extending its profile in the West Coast wealth market as its employee advisor division welcomes a seasoned breakaway advisor.
The firm announced that Raymond James & Associates has added veteran financial advisor Terrence “Terry” Medley to its San Jose, California office. Medley joins RJA after managing approximately $112 million in assets at Wells Fargo Advisors.
The move was confirmed by John Simmons, regional director for Raymond James in California.
With more than 44 years of experience in the financial services sector, Medley has built a reputation for working with business owners, corporate executives, families, and retirees.
His career began at E.F. Hutton, which is now part of Morgan Stanley Wealth Management. Before working at Wells Fargo for the past 13 years, Medley spent time as an advisor and registered broker at a number of other firms including Lehman Brothers, Prudential Securities, and Ameriprise, according to his BrokerCheck profile.
Medley, along with financial advisor trainee Dan Medley, will operate under the name Medley Wealth Management of Raymond James. The team will serve clients as part of Raymond James’ Silicon Valley branch, which is led by branch manager Chris Weng.
In discussing his decision to move to Raymond James, Medley highlighted the firm’s culture and commitment to client-centered service.
“Raymond James best reflects what I believe a brokerage firm should be: putting client goals and interests first, while providing the advisor with tools and resources to meet client objectives,” Medley said in a statement.
The move in California follows other additions to Raymond James this month, including a $360 million advisory team from LPL and another $1 billion team in Utah. Before that in August, it saw a streak of recruitments capped off by a $197 million advisor who joined via the firm's recently unveiled corporate RIA affiliation model.
"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.
"Unless he has to leave for fraud".
Hardliners give way to pressure to approve consideration of bills.
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.
