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]
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"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.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
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.
