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January 04, 2017 at 01:33 PM
Raymond James says it recently recruited veteran financial advisor Katherine Fisher-Schultz in Portland, Oregon, from Morgan Stanley.
Fisher-Shultz has been in the business for 17 years and is moving to the employee channel of Raymond James, according to Pacific Northwest complex manager Jeff Mallula. She has managed about $170 million in client assets.
“We are delighted to welcome Kate to our Portland office,” said branch manager Jason Saunders, in a statement. “Her conservative, client-first values align closely with those of Raymond James, making her a great addition to our firm. She is an outstanding advisor with a proven record of putting her clients first …”
Fisher-Schultz began her financial-services career in 1998 as a sales assistant with Prudential Securities and became an advisor in 2000; in 2003, Wachovia acquired Pru. The following year, Fisher-Schultz joined Citigroup-Smith Barney in Portland, which was sold to Morgan Stanley in 2009.
“I wanted to join a firm which was large and sophisticated enough to offer my clients all the products and services they need, but small and personal enough to be responsive in support of its advisors,” Fisher-Schultz said in a statement. “The firm not only respects the advisor-client relationship by allowing me to own my own book of business, but it is a firm with a genuine client-first culture.”
“As we continue to expand our presence in the West, and in particular the Pacific Northwest, through the addition of great advisors like Kate, and share why Raymond James’ support and culture make it the premier alternative to Wall Street, I know it will lead to further growth in this market,” said Mallula. “Raymond James truly values and respects the advisor-client relationship, so that perspective and our culture resonates with so many advisors.”
Other Advisor News
Another advisor with a 17-year track record in the business, Matthew Pietzak, CFP, has decided to open his own RIA office: Vantage Private Wealth in Naples, Florida.
While at PNC Wealth Management for the past five years, Pietzak had more than $300 million in assets. Earlier, he worked for Wells Fargo Private Bank, Bank of America and UBS PaineWebber.
“I felt it was the right time for me to make this move, but I didn’t want to leave my firm and just take on another set of problems,” said Pietzak, in a statement. He chose to set up his office with TruClarity.
“A lot of advisors like Matt aspire to own their own businesses and be able to offer clients a better experience, but are held back by the many unknowns they face in truly going independent” said Pam Stross, president of TruClarity Management Services, in a press release. “With this in mind, we do all the heavy lifting to transform advisors into satisfied business owners and enable them to spend their time and energy where it matters most—on the client.”
Executive Developments
State Street says it has tapped John Plansky to be the global head of State Street Global Exchange. Plansky will report to Executive Vice President Lou Maiuri.
In his new role, Plansky will be in charge of “global strategy, new product development and developing solutions for clients that help them manage increasingly complex data, search for better performance, focus on attracting assets and meet heightened risk challenges.”
Plansky joined State Street from PricewaterhouseCoopers (PwC), where he led the U.S. strategy business and U.S. global platforms business and was a member of the Advisory Financial Services Leadership team.
