Raymond James expands in Idaho by adding former Morgan Stanley advisers with $685 million AUM

Raymond James expands in Idaho by adding former Morgan Stanley advisers with $685 million AUM
Broker-dealer says the additions are part of a continued expansion of their presence in the North and Northwest.
NOV 21, 2016
Two teams of advisers with combined assets under management of $685 million have left Morgan Stanley to join the Raymond James & Associates office in Boise, Idaho. William Campbell, vice president of investments, Patrick J. Courtright, associate vice president of investments, Eltiena Campbell, senior investment management specialist, and senior associate Christine Robertson have formed the Campbell Courtright Group of Raymond James. They managed $360 million in AUM at Morgan Stanley. (More: See all the latest moves in the InvestmentNews Advisers on the Move database) Another new team — with $325 million in AUM — will now operate as Riedel/Miles Family Wealth Advisory Partners of Raymond James. The members are Debra Riedel, senior vice president, Josh J. Miles, first vice president, and senior associate Michele Cisario. “As Raymond James continues to expand our presence in the North and Northwest, I could not be more pleased to welcome these two great teams of advisers and their exceptional staff,” Todd Lovell, Raymond James Boise manager, said in a statement. Morgan Stanley spokeswoman Christine Jockle confirmed the departures but declined to comment further. (More: Advisers managing $550 million leave Merrill Lynch to create RIA in Florida) For the Campbell Courtright Group, it is possible to go home again. Mr. and Ms. Campbell and Mr. Courtright had worked at Raymond James Financial Services prior to moving to Morgan Stanley in 2011. “For the future of our clients and our practice, making the decision to transition 'back home' to Raymond James was an easy one,” Mr. Campbell said in a statement.

Latest News

Texas man says SEC and fund could make him pay twice
Texas man says SEC and fund could make him pay twice

A $141M judgment and a federal asset freeze collide over one shrinking pool

Osaic executives Kristy Britt and Greg Cornick to leave
Osaic executives Kristy Britt and Greg Cornick to leave

The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.

Estate planning becomes a client retention issue for financial advisors, survey finds
Estate planning becomes a client retention issue for financial advisors, survey finds

Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.

Candidly adds AI agents for Trump Accounts, workplace benefits
Candidly adds AI agents for Trump Accounts, workplace benefits

CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.

BMO adds three advisors in Dallas amid Y'all Street wealth boom
BMO adds three advisors in Dallas amid Y'all Street wealth boom

The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.

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

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.