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Practice Management > Building Your Business > Recruiting

Recruiting Roundup: Raymond James Adds $225M Breakaway Team

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Recruiting activity is proving to be as volatile as the markets, with trading relatively quiet after a flurry of activity in the prior week.

Raymond James, though, added a team recently from Wells Fargo Advisors to its independent channel: Managing partners Gregory Weggeman and R. Peter Dales, operating as the independent firm ClearTrack Financial Advisors, affiliated with Raymond James Financial Services, and set up offices in Sheboygan, Wisconsin, and Glenview, Illinois.

The two manage more than $225 million in client assets, with annual revenue of approximately $1.65 million.

Prior to moving into the independent channel with Raymond James, Weggeman served as managing director, investments with Wells Fargo Advisors and its seven predecessor firms, having begun his almost 40-year financial services career in 1978 with Blunt Ellis & Loewi in Wisconsin.

Dales started his financial services career in 1994 as a corporate banker with Bank of America and then worked as an investment banker at Banc of America Securities. In 2006, he joined Wachovia Securities, predecessor to Wells Fargo Advisors, as a financial advisor.

Other News

Meanwhile, Bank of America-owned U.S. Trust says it recruited a number of new advisory personnel across the country.

Matthew Carrier, formerly of HSBC Private Bank, joined as a private client advisor in Los Angeles; Reza Golchini, formerly of Citigroup Inc., came on board as a private client manager in San Francisco; Evan Beard, formerly of Deloitte Consulting, as a wealth management consulting executive in New York; Matthew Kline, formerly of J.P. Morgan Chase & Co., joined in Fort Worth as a private client manager; and Jonathan Hommer, formerly of Stoel Rives, joined as a wealth strategies advisor in Seattle.

Securities America brought in Dee Morgan to its branch office development recruiting team.

Morgan, who most recently was the national director of recruiting for United Capital Financial Life Management in Newport Beach, California, has also served as senior vice president of recruiting for SagePoint Financial Advisor Group, as well as senior vice president and director of business development and recruiting for Williams Financial Group. He will oversee recruitment efforts in Texas, Oklahoma, Louisiana and Arkansas.

“Dee is an experienced recruiter and a strategic thinker with a track record of success,” Gary Bender, Securities America first vice president and national director of recruiting, said in a statement. Bender added, “His in-depth industry knowledge and ability to connect with prospective advisors on a personal level make him a welcome addition to the Securities America recruiting team. We’re happy to have him on board.”

For its part, Index Fund Advisors says it welcomes wealth advisors Daniel Chong and Neal Rutter to its company headquarters in Irvine, California.

Chong specializes in advising high-net-worth individuals as well as investment committees for institutions and retirement plan sponsors, while Rutter’s experience lies in advising HNW individuals, investment committees for endowments and retirement plan sponsors.

Read the March 10 Recruiting Roundup at ThinkAdvisor. 


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