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.
Nearly half of private firms forgo 401(k) plans even as new data ties them to higher stock option uptake among employees.
New research finds just 12% of wealth management firms have reached AI leader status, and it isn't spending that separates them
Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities.
Self-serve access to Strategic Advice Manager promises onboarding in days, as RIAs weigh how deep to take AI adoption.
Elios Financial Group joins Carson Wealth as the Omaha RIA adds to a record year of industry dealmaking.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
