RBC Wealth Management said it recruited the Clements-Langdon Group from Merrill Lynch to become part of its operations in Raleigh, North Carolina, according to Chip Anderson, director of the Atlanta complex.
The Clements-Langdon Group includes Kyle L. Clements, a certified financial planner and chartered retirement planning counselor; Will Langdon, CRPC; and Marj S. Jurek, registered client associate.
The team manages some $300 million in client assets and has a combined 70 years of experience.
“We are thrilled to welcome Kyle, Will and Marjorie to our Raleigh branch, which is led by Bob Gipp,” said Anderson, in a statement. “They took this move very seriously and were very thorough when confirming their ability to take the best possible care of their clients at RBC.”
Janney Montgomery Scott said a group from Merrill Lynch has joined its office in Fort Lauderdale, Florida, with about $130 million in client assets: The Steinmetz Jackson Wealth Management Group, comprised of Kenneth P. Steinmetz and James C. Jackson.
“We are thrilled to have Ken and James join our Fort Lauderdale office,” said Michael O’Mara, branch office manager, in a statement. “This talented team will continue to build on the success of Janney’s Fort Lauderdale … branch and is committed to delivering best-in-class service to help their clients achieve their financial goals.”
Steinmetz is a 16-year industry veteran, and Jackson also is a 16-year industry veteran.
Baird, Raymond James & Kestra News
Baird says that Richard L. Bingaman is now part of its Private Wealth Management group in Elgin, Illinois, near Chicago.
Bingaman used to be with Edward Jones. He started in the business in 1994, according to FINRA BrokerCheck. He now oversees about $168 million in assets and generates nearly $1 million in annual fees and commissions.
Raymond James’ employee channel says Jim Trimpe and Timothy Stolt have joined it in Louisville, Kentucky, where the team manage about $130 million in assets. They previously worked for Wells Fargo Advisors.
“We’re proud that Raymond James’ client-first approach and freedom given to our advisors continue to attract experienced financial advisors like Jim and their teams,” according to Van Thompson, Mid-Atlantic regional director for Raymond James & Associates.
Trimpe has spent more than three decades in the financial-services industry, beginning at Prudential Financial in 1985 and later working at J.C. Bradford & Co. and Wells Fargo. Stolt joined Trimpe’s team as a financial advisor in 2015, after working for PNC Bank.
Kestra Financial says the Davis Advisory Group of Albuquerque has joined its independent advisor platform. The mother-and-son duo works with about $110 million in assets under management.
The team previously was affiliated with SII Investments, according to FINRA BrokerCheck.
“From the beginning, Pamela and Chris underscored their desire to partner with a firm that would bring forth next-level technology and advisory products,” said Daniel Schwamb, head of business development at Kestra Financial, in a statement. “With technology and service solutions as our core focal points, Pamela and Chris can continue to focus on their client-centric mission and deliver the high-caliber service that they’ve built their firm upon.”
Super OSJ Plans
In other news, Horizon Financial Group, the second-largest super-OSJ affiliated with Cetera Advisors, says that over the next four years it plans to recruit 55 advisors and at least $2 billion in assets.
At present, Horizon has 45 affiliated advisors with some $2 billion in assets.
It also intends to spend $1 million to $3 million to acquire independent financial advisory practices and 401(k) books of business across the country.
“We believe our firm’s future, and for that matter, the future for all super-OSJs, will depend on three key future growth drivers: The development of a multichannel approach encompassing both 1099 and W-2 financial advisors; significant investment in a truly institutionalized brand that has value for end clients as well as advisors; and a diversified focus on growth that goes beyond recruiting, and spans acquisitions as well as organic expansion,” explained CEO Pete Bush, in a statement.