Raymond James picks up $280 million adviser in Chicago

Raymond James picks up $280 million adviser in Chicago
Alan Lazzara brought in $1.7 million in annual fees and commissions while a partner at William Blair.
MAY 18, 2016
Raymond James Financial Inc. has recruited Alan Lazzara from William Blair & Co., picking up a financial adviser who oversees almost $280 million of client assets. Mr. Lazzara, who focuses on high-net-worth individuals and families in or near retirement, joined the firm's office in Chicago, according to a Raymond James statement Monday. He brought in more than $1.7 million in annual fees and commissions while a partner at William Blair. Raymond James has been aggressively recruiting financial advisers, ranking among the independent broker-dealers that hired the biggest teams during the first quarter, data gathered by InvestmentNews show. Mr. Lazzara joined the firm's traditional employee broker-dealer unit, Raymond James & Associates, after working for about 29 years at William Blair, according to the statement. "I was attracted to Raymond James for many reasons but chief among them was the firm's conservative financial management – that's important to my clients – along with its very broad research capabilities,” Mr. Lazzara said in the statement. He also pointed to the St. Petersburg, Fla.-based firm's technology as part of his decision. Tony Zimmer, a spokesman for Chicago-based William Blair, declined to comment.

Latest News

Barred advisor forged wife’s signature on life insurance contracts, according to FINRA
Barred advisor forged wife’s signature on life insurance contracts, according to FINRA

Thrivent Investment Management Inc. in May fired Nicholas Hale, according to his BrokerCheck profile.

Raymond James lands $18.7B Synovus team as LPL adds UBS breakaways
Raymond James lands $18.7B Synovus team as LPL adds UBS breakaways

About 70 bank and credit union advisors move to the Raymond James platform, while a $480M New Jersey team goes independent with LPL

Tax-aware investing should expand client choices, not constrain them 
Tax-aware investing should expand client choices, not constrain them 

The best tax plan asks not only how much a client could save, but what they would have to give up to save it. 

Merrill veteran Jonathan Stogsdill joins Trinity Wealth Advisors in St. Louis
Merrill veteran Jonathan Stogsdill joins Trinity Wealth Advisors in St. Louis

A 20-year financial services veteran brings values-driven planning expertise to the St. Louis-based RIA.

SEC enforcement against public companies hits record low under Atkins
SEC enforcement against public companies hits record low under Atkins

New research shows a 71% plunge in actions in fiscal year 2026, with total settlements the lowest since the database began.

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.