Raymond James announced Monday that it added a San Ramon, California-based team of financial advisors that oversaw more than $2.6 billion in client assets at Securian Financial Services.
Summit Financial Advisors is affiliating with Raymond James Financial Services, the firm’s independent advisor channel.
Summit, which has 16 advisors and 23 staff members, specializes in working with business owners.
“After a strenuous due diligence process, Raymond James became our top choice because of its resources, client-first culture, and the caliber of people in leadership,” Nathan Bennett, partner at Summit Financial, said in a statement. “The firm has the integrated technology that allows us to serve clients at a high level and the horsepower to help deliver solutions in the most complex financial situations.”
In addition to Bennett, Summit Financial’s advisors are Steven Wilcox, Don Ledoux, Jay Gilson, Vanessa Savage, Gina Morais, Brendan Noonan, John O’Dea, Aaron Peabody, Michael Schomaker, Cody Smith, Jeneen Slack, Connor Merrigan, Kim Damiani, Dash Grammer and Robert Avey.
Securian saw a number of its advisors exit after this year after Cetera Financial announced in January that it was acquiring Securian’s wealth business. That deal closed earlier this month.
&Partners has also added a $357 million Texas family practice, while Janney recruits a $250 million Edward Jones advisor in Miami
Linda Patel will lead J.P. Morgan Advisors in Florida and Georgia as Bank of America adds nonprofit specialists in New York
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