The Financial Institutions Division of Raymond James has a new chief: Tim Killgoar, who takes over on April 1 from John Houston.
Houston, a certified financial planner, has led the group for the past 11 years and is set to become head of the group’s Eastern Division so he can relocate to Nashville.
“After a diligent review of external and internal candidates, I am pleased we will continue to benefit from Tim’s strategic insight into the business as he takes on this leadership role,” said Scott Curtis, head of Raymond James Financial Services, in a statement.
The group currently includes 725 independent advisors who are working in more than 200 financial institutions nationwide. That headcount is nearly double the 375 representatives who were in the division in 2005.
“We are fortunate John [Houston] will continue supporting our bank and credit union clients and financial advisors in the Eastern Division,” Curtis said.
Under Houston, the financial institutions group has had a compound annual growth rate of 10.6% in its revenue since 2002, according to Raymond James.