Tennessee bank program moves to Raymond James

Tennessee bank program moves to Raymond James
FirstBank’s investment unit, with 17 advisers, had been affiliated with LPL Financial.
JAN 21, 2021

The 17-adviser investment program at Nashville, Tennessee-based FirstBank has moved to Raymond James from LPL Financial.

In August 2020, FB Financial Corp., the parent of FirstBank, completed its merger with Franklin Financial Network, Inc., the parent of Franklin Synergy Bank, which has been affiliated with Raymond James since 2004.

As a result of the merger, FirstBank’s advisers and professionals joined their colleagues at Franklin Synergy.

The combined investment program, which oversees $1.2 billion in client assets, includes 22 advisers, 10 support staff and a branch manager.

Latest News

Alternatives gain traction in 401(k) plans as DOL rules open the door
Alternatives gain traction in 401(k) plans as DOL rules open the door

Large and mega plans show strongest appetite, but fee confusion persists.

Mass affluents are saving less in anticipation of inheritance. But there’s a big problem
Mass affluents are saving less in anticipation of inheritance. But there’s a big problem

Many people are taking a dangerous gamble with their financial future, new study warns.

Osaic's ex-CFO Kristy Britt joins PE-backed accounting firm Wipfli
Osaic's ex-CFO Kristy Britt joins PE-backed accounting firm Wipfli

Britt is named CFO of Wipfli, a $600 million accounting firm that audits two NFL franchises

YCharts acquires Informa's Zephyr to bolster SMA analytics for advisors
YCharts acquires Informa's Zephyr to bolster SMA analytics for advisors

The acquisition pairs Zephyr's 21,000-product separately managed account database with YCharts' newly launched AI agent assistant for investment research.

Advisor moves: Raymond James, Ameriprise, and Janney announce additions in Florida
Advisor moves: Raymond James, Ameriprise, and Janney announce additions in Florida

The war for talent continues in the Sunshine State with as Truist and RayJay teams managing a collective $1 billion in client assets defect to other firms.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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