Raymond James adds $300 million advisor from Merrill

Raymond James adds $300 million advisor from Merrill
Burdette Park will launch eponymous firm in Louisville, Kentucky.
AUG 22, 2023

Raymond James announced Tuesday that advisor Burdette Park, who managed about $300 million in client assets at Merrill Lynch, is joining the firm’s employee advisor channel, Raymond James & Associates.

Park and a staffer, Heather Jones, will operate as Burdette Park | Raymond James in Louisville, Kentucky.

The firm focuses on serving business owners, executives, corporate retirement plans and people who are retired or planning for retirement.

"The resounding culture and commitment to client-centered practices at Raymond James were instrumental in my decision to embark on this next chapter," Park said in a statement.

"We believe our clients, with whom we maintain deeply personal multigenerational relationships, stand to benefit from the firm's service-first philosophy, robust technology and stability," he added.

Park has 13 years of experience, all of it at Merrill Lynch, according to his BrokerCheck report.

Why alternative assets belong in retirement accounts

Latest News

What it really takes to serve ultra high net worth clients
What it really takes to serve ultra high net worth clients

Most firms think they are ready for the ultra high net worth market. Most are not.

Stifel settles another complaint involving former star Miami broker
Stifel settles another complaint involving former star Miami broker

Stifel has paid or is on the hook for close to a staggering $200 million in damages and settlements to former clients of Chuck Roberts.

Advisor moves: LPL firm Genesis Wealth adds $725M veteran from JPMorgan
Advisor moves: LPL firm Genesis Wealth adds $725M veteran from JPMorgan

UBS also expanded in the Southeast with six advisors overseeing more than $2 billion, while Osaic lured a $300 million family-led practice from Wells Fargo's FiNet.

Salesforce launches Agentic Advisor as AI notetakers threaten CRM dominance
Salesforce launches Agentic Advisor as AI notetakers threaten CRM dominance

The new AI workspace rollout promises to automate the full advisor workflow just as third-party tools wage a turf war for central control of wealth firms' tech stacks.

Advisor moves: LPL lands UBS veteran as &Partners grows by $1.6 billion
Advisor moves: LPL lands UBS veteran as &Partners grows by $1.6 billion

Mega-RIA picks up $250M advisor, while three firms head for &Partners.

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.

SPONSORED Estate planning isn't a service add-on. It's your retention strategy.

As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.