Raymond James has extended its network in Ohio as it onboards a veteran advisor from Wells Fargo into its ranks.
The broker-dealer giant announced on Tuesday that it has welcomed Andrew Widing, a seasoned financial advisor, to its employee advisor unit.
Widing is joining Raymond James & Associates from Wells Fargo Advisors, where he reportedly managed over $140 million in client assets.
He transitioned into the Dublin, Ohio branch of RJA, where he’ll be working under the supervision of branch manager Mike Teller and Amy Smart, Mid-American regional director.
“Transitioning to Raymond James is a strategic move rooted in our commitment to a client-first philosophy and the pursuit of excellent service," Widing said in a statement on Tuesday.
He’ll be serving a diverse client base at his namesake practice, Andrew Widing Wealth Management of Raymond James, which includes healthcare professionals, pre-retirees and retirees, and business owners, as well as corporations.
Commending the firm’s “independence and unwavering focus on client needs,” the veteran with nearly 20 years of industry experience expressed optimism at his new affiliation and how it will “[empower] us to deliver personalized, high-quality financial strategies to our clients.”
"We are thrilled to join a firm that shares our dedication to integrity and client success, and we look forward to leveraging its robust resources and support to help enhance our clients’ financial journeys," he added.
Widing’s addition extends a streak of recruitment at RJA that’s persisted over the past several weeks. In July, the firm added three advisors that previously managed a collective total of more than $380 million at rival firms to its ranks.
More recently, the firm bolstered its presence in New York with an advisor formerly from LPL, where he reportedly managed $245 million.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
