Kirk Abrahamson, who managed $312 million at RBC Wealth Management in West Des Moines, Iowa, and David Gray, who managed $104 million there, have joined the employee unit of Raymond James.
Abrahamson, who has been in the financial services industry for more than three decades, began his career at Merrill Lynch, then spent more than a decade as an adviser at Piper Jaffray before joining RBC Wealth Management in 2002. Client relationship consultants Michael Rowedder and Colby Spann made the move along with Abrahamson.
Gray, a 33-year veteran, began his career at JPMorgan Chase Bank, where he worked for 11 years. He was with RBC Wealth Management for more than 20 years.
[More: Raymond James cutting 500 jobs]
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.