RBC, Janney Nab Merrill Reps: Recruiting Roundup

“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.