A team of advisors from Wells Fargo which specializes in handling high-net-worth individuals are joining Raymond James in the move to expand services to its clients.
Financial advisors Geoffrey Sisk, Hynson Marvel and Jason Statuta manages about $600 million at Corpus Christi, Texas and is now affiliated with an independent unit at Raymond James, where they will be managing client investments and assets.
The team said they considered other firms but end up with Raymond James because they are after the ‘client-focused’ firm.
Sisk said, “Additionally, because of our client mix, it was important to us that the firm has comprehensive trust and banking services in house. We also appreciated that Raymond James has a robust technology platform and offers agency-style marketing support.”
In an article published by the S&P Global, it is stated that the team will operate under Sisk and Marvel Investment Group of Raymond James.
This isn’t the first time that the independent bank has recruited a team of advisors from other financial firms. In fact, recently, the bank also snatched four advisors from the same bank, which manages $787 million in client assets. Meanwhile, in 2018, Raymond James also hired a team managing more than $1 billion assets in the Wells Fargo.
Many other financial institutions have seen employees move to Raymond James like the advisors from Merrill Lynch and Morgan Stanley.
In addition to these series of recruitment developments, the bank also considers hiring other advisors from Steward Partners Global Advisory to operate the new office in Dallas. This is, in fact, the 18th location nationwide and second within the state.
The bank continues to expand and provide its services to clients all over the United States.
Currently, Raymond James also has more than 7,000 financial advisors all over America, with assets over $754 billion.