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

UBS client says his wife moved in with their wealth advisor. It got messy
UBS client says his wife moved in with their wealth advisor. It got messy

Advisor accused of scheming to move family trust to firm, lawsuit seeks $10 million in damages.

Gen Zs are grappling with financial challenges in extraordinary times
Gen Zs are grappling with financial challenges in extraordinary times

Young Americans are inexperienced in navigating current stormy waters.

Musk needs to exit role at 'neglected' Tesla, says $3.3B investment firm CEO
Musk needs to exit role at 'neglected' Tesla, says $3.3B investment firm CEO

Early investor in EV firm says it is in crisis and needs a change of leadership.

Nvidia unveils superchips, addresses spiraling cost concerns
Nvidia unveils superchips, addresses spiraling cost concerns

Chipmaker's developer conference comes at a pivotal moment.

Citi slashes 'transformation' bonuses for senior execs
Citi slashes 'transformation' bonuses for senior execs

Three-year program aimed to boost regulatory compliance, culture change.

SPONSORED Beyond the all-in-one: Why specialization is key in wealth tech

In an industry of broad solutions, firms like intelliflo prove 'you just need tools that play well together'

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies