Wealth management firms are kicking off the new year with recruiting wins as competition for experienced advisors remains fierce, particularly among firms seeking established practices with loyal client bases.
Raymond James announced Monday that a Texas-based advisory team managing approximately $420 million in client assets has joined its independent advisor channel Raymond James Financial Services. Dignum Financial Partners is based in Fort Worth and is the latest to make the jump from Commonwealth Financial Network to RJFS.
Financial advisors E. Kim Dignum and Ryan Dignum are joined in their move by office manager Shana Wright and office assistant Hope Caldwell.
“After previously spending 14 years at Raymond James, when I returned to the home office and spoke with Tom James it was like coming home. The firm continues to have excellent resources, enabling us to preserve our high-touch client experience while leveraging an innovative technology platform,” said Kim.
Meanwhile, Ameriprise Financial announced that an experienced advisory team overseeing about $120 million in assets has joined its independent channel.
Based in Littleton, Colorado, Loveday Caruso Wealth Management Group is led by private wealth advisor Sean Loveday, ChFC, CLU, and also includes financial advisor Sarah Caruso and administrative assistant Lori O’Halloran. The team were previously with Prudential Advisors which integrated thousands of advisors with LPL Financial in 2024.
Loveday was with Ameriprise at the start of his career as a financial advisor in Florida from 2004-2007.
The week has brought a flurry of advisor moves so far with Fifth Third, LPL Financial, and Cetera all announcing new recruits Monday.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
