Raymond James has recruited a workforce of 5 advisors and 4 department professionals to its monetary establishments division. The Horizon Group joins Pinnacle Asset Administration, a part of Pinnacle Monetary Companions, a financial institution department affiliated with the Raymond James.
The workforce joins from Truist, the place it beforehand managed about $947 million in consumer belongings, and can function out of Pinnacle’s new Ponte Vedra, Fla. workplace. It’s going to use Raymond James Monetary Providers, the agency’s unbiased contractor division, for brokerage enterprise.
The Horizon Group consists of advisors Christopher Sivley, Matt Turner, Melissa Churchwell, Jamie Rowell and Wesley Thomas, who’re joined by consumer providers supervisor Amber Bennett and consumer relationship consultants Brad Melvin, Nick Gillespie and Marlo Thomas-Bailey.
“Finally, our workforce’s determination was pushed by a large number of potential advantages for our apply and purchasers, together with entry to modern know-how, sturdy product choices and steadfast concentrate on high-net-worth monetary planning,” Turner mentioned in a press release.
Pinnacle Asset Administration is a division of Pinnacle Monetary Companions, a financial institution headquartered in Nashville, with department places of work throughout the Southeast area.
Raymond James lately made quite a few senior management adjustments, with Paul Reilly stepping down as CEO of the corporate in fiscal 2025. CFO Paul Shoukry will succeed him in that function, whereas chief accounting officer Butch Oorlog will substitute Shoukry.
The agency additionally promoted Tom Walrond, a senior vp and division director, to president of Raymond James & Associates, the agency’s worker affiliation mannequin. He replaces Tash Elwyn, who was appointed president of the corporate’s Personal Consumer Group. Scott Curtis, who was promoted to chief working officer, beforehand stuffed that function.
Bella Allaire, government vp of know-how and operations, moved into the function of chief administrative officer, with former Chief Data Officer Vic Campagnoli stepping in to fill her former put up. The agency additionally moved Tarek Halel, a senior vp of investments and technique, into the brand new place of chief technique officer.
The management adjustments are a part of a “multi-year succession planning course of,” the corporate mentioned.
