Wells Fargo financial adviser with $350 million in assets skips to Raymond James

Wells Fargo financial adviser with $350 million in assets skips to Raymond James
The Denver area practice will operate as First Avenue Wealth Partners.
DEC 14, 2016
A longtime Wells Fargo adviser in the Denver area with close to $350 million in client assets, Jarrod E. Biebel, has jumped to Raymond James & Associates Inc. According to Mr. Biebel's BrokerCheck report, he was registered with two separate broker-dealers while at Wells Fargo and its antecedents: Wells Fargo Investments from 2002 to 2011, and Wells Fargo Advisors from 2011 through this month. (More: See all of the latest moves in the Advisers on the Move database) A Wells Fargo spokeswoman, Emily Acquisto, did not immediately return a call on Wednesday afternoon for comment. Raymond James & Associates is the employee broker-dealer under Raymond James Financial Inc., the brokerage holding company. Mr. Biebel primarily manages custom discretionary portfolios, and produced annual fees and commissions of more than $2 million, Raymond James said in a statement. Mr. Biebel, along with his registered sales associate Angelica Walter, will operate as First Avenue Wealth Partners. “We are genuinely ecstatic to join the Raymond James culture and be in an environment that affords us the opportunity to provide our clients with a great client experience,” Mr. Biebel said in a statement. “Put simply, we feel that we now have the ability to take our practice to a higher level, provide clients with a wide range of solutions, and be completely focused on client-centric priorities.”

Latest News

Private capital's $1 trillion bet on the American retirement account
Private capital's $1 trillion bet on the American retirement account

From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.

Advisor moves: Wells Fargo Advisors pulls in $9.6b in fresh talent during first half of May
Advisor moves: Wells Fargo Advisors pulls in $9.6b in fresh talent during first half of May

Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.

Why uncertainty is making behavioral coaching more valuable than ever
Why uncertainty is making behavioral coaching more valuable than ever

Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions

Florida investor hits real estate syndicator with fraud suit over $750K
Florida investor hits real estate syndicator with fraud suit over $750K

Six apartment deals, one "big account," and $2.7M in undocumented insider loans. Now the lawsuit lands

Chicago’s 'Mr. Finance' posed as advisor in loan scheme, according to Illinois regulators
Chicago’s 'Mr. Finance' posed as advisor in loan scheme, according to Illinois regulators

The Illinois order refers to Brandon Ellington’s investment program as a “Ponzi-like scheme.”

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management