Raymond James Financial Services has welcomed a $123 million advisor, previously with Edward Jones, to its independent channel.
John Willey is the founder of VistaCrest Financial, based in Abiline, Texas, and has many years of industry experience including Goldman Sachs, Nationstar Mortgage, and PrimeLending. He joined Edward Jones as a financial advisor in 2018.
“Affiliation with Raymond James allows me to provide more diverse planning services and offer my clients access to advanced investment, insurance, and banking options. I’m confident that the resources and support the firm offers will help bring clarity to my clients’ financial concerns to ultimately assist them in achieving their goals,” said Willey.
Willey is joined by client specialist Meagan Noles and the duo is the second team to switch from Edward Jones to Raymond James in Texas so far in 2024 following the addition of a $160 million team from Mount Pleasant.
Raymond James has been building its talent pool this year including a seasoned financial advisor previously with Morgan Stanley and the former president and CEO of Stifel’s independent advisors group.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
