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Raymond James Adds 2 Teams from Wells Fargo: Recruiting Roundup

By Janet Levaux

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Raymond James says it has picked up two groups from Wells Fargo, according to two separate announcements.

Steven and Jeremy Friedman moved to its employee channel, Raymond James & Associates, in Omaha. The father and son duo previously managed about $130 million in client assets and had over $1 million in annual fees and commissions.

They, along with senior client service associate Renee Johnson, report to branch manager Tim Ziola.

Steve Friedman started his career in the industry at Dean Witter in 1967. He later moved on to Rodman & Renshaw, which – through several acquisitions – became part of Wells Fargo. His son joined the practice in 2010.

“With their … commitment to a long-term, client-first approach, they are a quality addition to our firm, and will be great ambassadors for us in this market. We look forward to supporting them as they continue to grow their business,” Ziola said in a statement.

Raymond James welcomed Jeff Holloway, CFP, and Sean Harman, CFP, to its independent channel in Kansas City, Missouri.

The former Wells Fargo Financial Network duo previously managed about $275 million in client assets and had some $1.4 million in yearly production. They are joined by three associates, according to David Sisemore, Midwest regional director for Raymond James Financial Services.

“I am very happy to welcome Jeff and Sean to Raymond James’ independent channel, which continues to expand with the addition of great teams like theirs,” said Sisemore, in a statement. “We’re proud that our culture continues to be a differentiator in the minds of advisors.”

Holloway has been an advisor for more than 20 years, after starting at Edward Jones. Harman has more than 15 years of industry experience and also began his career at Edward Jones, before moving to A.G. Edwards.

Meanwhile, HighTower said PDS Wealth Management in West Palm Beach, Florida, has joined its partnership from Merrill Lynch.

The group manages about $160 million in client assets and includes Tom Parker, Patrick Dugan, Paul Spencer and Tommy Parker.

PDS Wealth Management is the ninth individual team to join HighTower in 2017. Since April 1, it has brought on Houston-based WealthTrust with $6.4 billion in assets, for instance.

This week, HighTower is hosting its third annual Apex Summit.