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April 05, 2018 at 12:22 AM
Ameriprise Financial says it recruited a duo from Edward Jones with about $185 million in assets.
Paul Orlando and Derek Busby of Meridian, Idaho, are now part of Ameriprise’s franchise channel; they report to Franchise Field Vice President George Varones and do business as Granite Financial Management.
“We felt now was the right time to make a move because we wanted to have flexibility to offer clients additional investment options. We’re looking to help more clients who want these choices,” Orlando said in a statement.
Orlando started in the business at 2007 at Edward Jones, while Busby began working at the firm in 2009, according to FINRA BrokerCheck records.
Meanwhile, Janney Montgomery Scott announced that it recruited 11 financial advisors with over $950 million client assets and 21 other professionals to its Private Client Group in the first quarter of 2018.
“Our 2018 first quarter recruiting results affirms that Janney is a destination of choice for talented financial advisors who share our client-first philosophy. said Jerry Lombard, president of the Janney Private Client Group, in a statement.
Janney has about $81 billion in assets under advisement as of March 2018. In 2017, the firm welcomed 65 new Private Client Group advisors. It is a unit of The Penn Mutual Life Insurance Company.
More Developments
In other news, Fiduciary Trust Company International — a wealth manager and subsidiary of Franklin Templeton Investments — recently announced that Suzanne E. Kline, CFA, joined the firm as regional managing director for the San Francisco Bay Area and Silicon Valley from Wells Fargo.
Kline has been in the business for about 30 years and will oversee the company’s private wealth business in Northern California and serve as a member of Fiduciary Trust’s Operating Committee.
“As we continue to grow our presence in Northern California, Suzanne’s wide-ranging expertise will help us deliver customized, institutional-quality wealth management and trust and estate services to more clients in San Francisco, the East Bay and Silicon Valley,” said said Lawrence A. Sternkopf, president and COO of Fiduciary Trust Company International, in a statement.
Kline spent the past decade at Wells Fargo, where she was most recently a manager of investment and fiduciary services for the Greater Los Angeles region. She also was a regional investment manager and senior vice president with Wells Fargo Private Bank in Northern California’s Greater Bay region.
