Raymond James (RJF) said Thursday that four firms with combined assets of $410 million have affiliated with its RIA division in the past three weeks, including one group joining from Ameriprise Financial (AMP).
“We are delighted to welcome all these principals to the Raymond James family,” said Mike DiGirolamo (left), senior vice president and managing director of the Investment Advisors Division of Raymond James Financial Services, in a statement. “Each of them chose to affiliate with us because they like the fact we are full service, we offer wealth management resources that other custodians don’t, and we offer highly rated, top-notch research. But the greatest appeal is our strong, client first, service-driven culture.”
Raymond James, which includes about 3,200 independent advisors and 1,300 employee advisors in the United States, has 98 firms with some $6.8 billion in assets in its Investment Advisors Division, which was launched in 2001. This group includes about 275 advisors, and the RIA firms have an average of $70 million in assets under management.