Three firms have announced new advisor recruits – Raymond James & Associates, CapWealth, and The AmeriFlex Group.
At RJA, Jonathan Israel, AAMS, CRPS, CPWA, and registered client associate Jake Balcom join the team in Woodland Hills, California as Legacy Point Wealth Management at Raymond James. Israel was previously affiliated with UBS Financial Services where he managed around $400 million in client assets. His 14 years with UBS makes up the bulk of his 18 years in the industry so far.
Raymond James CEO Paul Shoukry said this week that the firm’s robust recruiting pipeline was part of the reason for being “even more optimistic about our momentum and growth over the coming quarters.”
The firm recently announced a milestone of 150 consecutive quarters of profitability, a streak spanning nearly 38 years.
“The playbook Bob James introduced more than 60 years ago still works — because it’s built on timeless values,” said Shoukry. “Our people understand the culture, believe in it, and live it every day. It’s an honor to lead such a committed and principled team.”
Also in California, a $280 million AUM team has joined the hybrid RIA The AmeriFlex Group, which only left Osaic a month ago to join Cambridge Investment Research.
The new recruits are advisors Jerry Kleber, Raz Bracha and Leah Pattison who lead Summit Financial & Insurance Services in Brea, and their support staff. The firm was previously with Osaic.
“The transition of the Summit team further supports that a truly independent and advisor-owned entity, such as The AmeriFlex Group, will continue to attract and win top-tier independent-minded financial advisors, now and into the future, said Thomas Goodson, CEO & founder of The AmeriFlex Group.
CapWealth, meanwhile, has added Dean Shahan, CFP, to its team as executive vice president and financial advisor. The former SageSpring Wealth Partners advisor joins the $1.9 billion AUM RIA in its Tennessee homeland.
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