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Recruiting Roundup: Raymond James Adds $205M Wells Team

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Raymond James (RJF) has welcomed a new employee-advisor team to its Chesapeake complex, where. George “Bo” Bragaw III, William “Bill” Weldon and Tara Orendorff will do business as WBO Capital Partners of Raymond James, managing more than $205 million in client assets and having yearly fees & commissions of $1.4 million. They will maintain offices in both Washington, D.C., and Baltimore, Maryland, and be managed by Warren Wright.

Both Bragaw and Weldon previously held branch management roles with Wells Fargo Advisors and its predecessor firms. Bragaw managed the Washington, D.C. branch and was a former Baltimore complex manager. Weldon served as a Bethesda branch manager for Wheat First, which became Wachovia Securities, and also served in that capacity for E.F. Hutton.

“Having worked for Wells and its predecessor firms for a combined 70-plus years, this move was an incredibly difficult decision for us to make,” said Bragaw in a statement. “But after three mergers in 10 years, we recognized that the resulting firm was no longer a good fit for us.”

In other news, LPL Financial brought in a $200 million team: Charlotte Wealth Advisors joined the firm’s broker-dealer platform and will provide fee-based advisory services through registered investment advisor Independent Advisor Alliance (IAA) on LPL’s hybrid RIA platform. As of March 31, CWA managed approximately $200 million in commission- and fee-based client assets.

Based in Charlotte, N.C., CWA is a newly formed independent financial advisory firm cofounded by John Osterberg and Chad Pannell. They are joined by financial advisor Philip Lee.

Steve Pirigyi, LPL executive vice president of business development, said in a statement, “It has been an increasing trend for advisors to join a local RIA for the customized and personalized support it can provide when paired with the backing of a large firm that can deliver a broad range of resources and tools. As the market consolidates, this model may have an even greater appeal for its ability to help advisors navigate the changing regulatory landscape and create growth opportunities for their firms. We look forward to supporting Charlotte Wealth Advisors on the LPL platform.”

Meanwhile, Stratos Wealth Partners has welcomed Dawna Westberg-Welch, who will continue to operate from her office in Sedona, Arizona. Formerly affiliated with JPMorgan Chase Bank, Westberg-Welch manages more than $65 million in client assets.

Pensionmark Financial Group announced that its own network has grown by another firm with the joining of James Lyday of Ridge Retirement Consultants as a managing director.

U.S. Trust Recruits

U.S. Trust, for its part, added several private client advisors. Scott Logie joined the Stamford, Connecticut office; he was formerly a senior relationship manager at Carlson Capital, while Jamie Anderson moved to the Naples, Florida office; previously she was director of development at the American Red Cross, and earlier was an executive director at JPMorgan Private Bank. In addition, James Johnson came on board U.S. Trust in Saint Louis, Missouri, having previously worked at Thomson Reuters Eikon as a market specialist.

Kurt Ryden is now with U.S. Trust in New York, having previously served as a private banker at JPMorgan Private Bank. Todd Roesch joined in Dallas from Barclays Capital, where he had been director, institutional sales.

Abraham Dairi moved to U.S. Trust in Seattle from Union Bank, where he had been a private banker, and Richard Barron joined in Washington, D.C., having been a private client advisor at SunTrust Investment Services, an assistant branch manager at Morgan Stanley and a financial advisor at Deutsche Banc Alex. Brown.

GenSpring Family says Christopher Facka has become managing director of the Florida-east region. Facka joins from BNY Mellon, where he served as senior wealth director focused primarily on growing the business. He spent the bulk of his career with Wells Fargo Advisors.

Laird Norton Wealth Management has announced that Jeanne Goussev is the firm’s new managing director of fiduciary services. She will replace Barbara Potter, who is retiring after nearly 30 years with the firm.

Goussev joins from Threshold Group in Seattle, where she was managing director, client service and a member of the firm’s executive committee. Previously, she was a vice president, client advisor at Whittier Trust Company and a senior trust officer at U.S. Trust/Bank of America Private Wealth Management.

Victoria Rixon moved to SunTrust Private Wealth Management as the south Florida division executive. With more than 30 years of financial services experience, she was most recently responsible for management of the private wealth business, from Miami to Jacksonville (excluding Orlando), at JPMorgan.

BondWave announced that Tony Miscimarra has been appointed to the newly created position of managing director of business development. He joins from from Tradeweb Direct, where he served as managing director since 2014. Previously, he was CEO of Fixed Income Solutions, a technology solutions company.

Read the June 16 Recruiting Roundup at ThinkAdvisor.


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