Two advisor teams managing more than $2 billion in assets under management have left Merrill for new beginnings.
The largest of the two is Krueger, Fosdyck, Brown, McCall & Associates, a $1.4 billion AUM team of nine based in Destin, Florida. They have gone independent with NewEdge Advisors with Goldman Sachs Custody Solutions as their primary custodian.
Founded by Tim Krueger, Cory Fosdyck, Jerry Brown, and Collin McCall, the team also includes senior wealth advisors Nina McClanahan and Gabe Campbell, all of them seasoned professionals.
Krueger has more than 37 years in the industry and was most recently a senior financial advisor and senior vice president at Merrill. He founded Kreuger Associates in 1999 which moved its service model to Merrill Lynch Wealth Management in 2006 and rebranded to Krueger, Fosdyck, Brown, McCall & Associates in 2012 when Fosdyck joined, according to Krueger’s LinkedIn.
Also making the move from Merrill is a team of five advisors joining the employee advisor channel of Raymond James.
The team comprising Peter Jurasz, CPFA, Rebecca Hall, CPWA, Harold Heidersdorf, CFP, Christian Veliz, ChFC, and Ryian Jurasz, managed $740 million in client assets at Merrill. Now as the JHV Group at Raymond James they will be part of RJA’s office in Juneau, Alaska.
“At Raymond James, we’ve found a firm that not only supports advisor independence and practice ownership but also provides the necessary resources to serve the dynamic needs of our high-net-worth clientele,” said Jurasz, who is managing director of the practice. “The firm’s commitment to an advisor- and client-centric culture enables our team to continue delivering sophisticated wealth management strategies with the flexibility our clients deserve.”
Raymond James’ employee advisor channel recently picked up a $465 million AUM Morgan Stanley breakaway and a $390 million AUM advisor from UBS.
CFP, CFA and CPA holders could gain accredited investor status as regulators weigh wider private market access for advisory clients
DeepVest, Vanilla and Libretto roll out tools to help financial advisors launch firms, close estate plans and sharpen planning skills
“People aren't effectively using their wealth in retirement,” said David Blanchett of Prudential.
Second-generation NFL ref Shawn Hochuli co-founded IWM Partners in Irvine, California, a wealth management practice with more than $500M in client assets
U.S. seniors lose $28.3 billion annually as a result of financial exploitation, according to a 2023 AARP study.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
