Raymond James welcomes $250M AUM Edward Jones team as independents

Raymond James welcomes $250M AUM Edward Jones team as independents
The team will establish a new SilverTree Wealth office in Tucson, Arizona.
AUG 04, 2023

Three former Edward Jones advisors have joined Raymond James Financial Services affiliate SilverTree Wealth Partners with a new office in Tucson, Arizona.

Ali Rustempasic, AAMS, Yamen Fellah and Wyatt McRae managed around $250 million in assets under administration at the previous firm and join the Raymond James independent advisor channel with several decades of industry experience between them.

Rustempasic has 12 years of industry experience as a financial advisor and limited partner at Edward Jones and served in leadership positions at the local and area level. He has earned the Accredited Asset Management Specialist designation from the College for Financial Planning.

“We were drawn to Raymond James for its culture of independence, the freedom to put clients first and its advanced planning tools and forward-thinking technology,” he said.

Fellah has been a financial advisor for 13 years and prior to Edward Jones he was with Merrill Lynch, while McRae joined Edward Jones in 2009, serving as a financial advisor, field trainer, level leader, service specialist and a participant of the growth team.

Latest News

JPMorgan tells fintech firms to start paying for customer data
JPMorgan tells fintech firms to start paying for customer data

The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.

FINRA snapshot shows concentration in largest firms, coastal states
FINRA snapshot shows concentration in largest firms, coastal states

The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.

Why advisors to divorcing couples shouldn't bet on who'll stay
Why advisors to divorcing couples shouldn't bet on who'll stay

Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.

SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives
SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives

With more than $13 billion in assets, American Portfolios Advisors closed last October.

William Blair taps former Raymond James executive to lead investment management business
William Blair taps former Raymond James executive to lead investment management business

Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

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.