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March 29, 2018 at 02:05 AM
Raymond James says it recruited Nicole Sennett to its independent channel in Wilkes-Barre, Pennsylvania, according to Tom Harrington, Northeast regional director for Raymond James Financial Services.
Sennett joins Raymond James from Merrill Lynch, where she previously managed about $216 million in client assets and had roughly $1.2 million in yearly fees and commissions. She and client service associate Cindy Rinehimer do business as Sennett & Associates Wealth Group.
The advisor began her financial-services career in 2005 with Merrill Lynch and earned the Chartered Retirement Planning Counselor designation from the College for Financial Planning.
“For some advisors like Nicole, they find that going independent is the best choice for them and their clients, and with Raymond James’ robust support and resources, many feel empowered to make the move,” said Harrington, in a statement. “Nicole is a talented, exceptional financial advisor, and we’re pleased to welcome her to our independent network of advisors.”
Meanwhile, Triad Advisors, owned by Ladenburg Thalmann, says it helped its affiliate Sugarloaf Wealth Management recruit advisor Chris Kohne.
Kohne, who formerly was affiliated with Lincoln Financial Advisors, brings some $100 million to hybrid-RIA Sugarloaf Wealth, putting the group’s total client assets at over $500 million and its total number of advisors at six. Both Kohne and Sugarloaf are based in the greater Atlanta area.
“Chris Kohne’s decision to join Sugarloaf Wealth Management underscores the value Triad Advisors provides to hybrid RIAs across the country,” said Triad Executive Vice President and Chief Strategy Officer Nathan Stibbs, in a statement. “We’re focused on promoting the success of our entire advisor community, by both supporting the operations of our affiliated advisor businesses, and enhancing their growth efforts with advisor recruiting.
Sugarloaf Wealth was formed in 1989 in Duluth, Georgia.
Separately, Ladenburg Thalmann says it has launched the Behavioral Financial Advice Training Program to help boost the growth and success of financial advisors across its five subsidiary firms: Securities America, Triad Advisors, KMS Financial Services, Investacorp and Securities Service Network (SSN).
“Behavioral finance-based coaching is much more than a high-impact tool that financial advisors can use to deepen relationships with clients,” explained Kirk Hulett, head of Practice Management for Ladenburg, in a statement.
“Advisors trained in behavioral finance will have an unmistakable edge in building their advice business in a way that is thoroughly consistent with the central building premise of the fiduciary era: Financial advice is most effective when based on a thorough understanding of the goals, motivations and needs of clients,” Hulett added.
Advisors who complete the Behavioral Financial Advice certification exam are authorized to use the Behavioral Financial Advisor, or BFA, designation, or BFA.
