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Ben Edwards, Raymond James Grab Wells Fargo Advisors: Recruiting Roundup

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Five advisors from Wells Fargo have joined Benjamin Edwards & Co., along with one registered representative formerly affiliated with LPL Financial, another from Stifel Financial and one from Sun Trust Bank. They bring some $616 million in combined client assets to the St. Louis-based firm, which now has some $24 billion in AUM.

“Our client-centric approach, our dedication to unparalleled service, and our vast product and service platform continue to drive advisor interest and client satisfaction,” according to Martin “Marty” Altenberger, director of branches for Benjamin F. Edwards “The support we offer to our advisors enables them to focus on what really matters – our clients, as we help them meet their financial goals and objectives.”

Moving to the group from Wells Fargo are Chandler, Arizona-based father and son David Herr, CFP; and Tyler Herr; Bill Raymon, CFP, of Birmingham, Alabama; James Garner of Atlanta; and James Goehl of Woodstock, Illinois;

The advisor joining from Stifel is David Kohlmeyer, CFP, in Wheaton, Illinois; moving from LPL Financial is Kevin Rodeffer of Galesburg, Illinois, and making the switch from Sun Trust Bank is Anthony Swart of Sarasota, Florida.

Raymond James’ Latest Recruits

Meanwhile, Raymond James recruited financial advisor Michelle Spaziani, CFP, to its independent channel in Greenfield, Massachusetts, from Well Fargo, where she managed about $118 million in client assets and had some $940,000 in annual fees and commissions. Her team includes Angela Streeter, who handles client service and office management, and does business as Summit Behavioral Wealth.

“I decided to align with Raymond James because of its client-centric culture, and its commitment to wealth management and financial planning,” said Spaziani, in a statement. “Having an independent practice allows me to best help my clients, in a way that prioritizes them and their goals, with newfound agility and flexibility.

Spaziani began her career as a financial advisor 17 years ago at A.G. Edwards.

Raymond James also recruited financial advisor Michael Trinen, CFP, to its employee channel in Fort Collins, Colorado, according to Pat Allison, Western division director for Raymond James & Associates. The new office is managed by complex manager Dennis Kaboth.

Trinen joins Raymond James from RBC Wealth Management, where he previously managed roughly $182 million and had more than $1.3 million in production.

“We are pleased to welcome Michael to the firm, and we look forward to supporting him and his clients as he continues to grow his practice,” said Allison, in a statement. “We’re proud that Raymond James’ unique combination of culture and support continues to be a gravitating factor for outstanding advisors, as the firm expands its presence in the West.”

Trinen has been in the financial industry for more than 35 years, having worked at John Hancock and later, A.G. Edwards & Sons and Dain Rauscher. He also served as a branch director at RBC and was named to their President’s Council for 20 years.

Breakaway Broker

Advisor Bruce K. Lee, formerly with Merrill Lynch from 2001 to 2018, has partnered with Dynasty Financial Partners to form an independent wealth management firm: Keebeck Wealth Management of Chicago.

Joining Lee are partner and advisor Joseph Polakoff, CIO Mathew Klody; Director of Operations Stephanie Roberts; Vice President of Client Solutions Alexa Hyman; and analyst Matthew Carey.

“Bruce has received consistent, well-deserved industry recognition as one of the country’s top advisors …,” according to Dynasty Financial Partners President and CEO Shirl Penney. “We expect that he and his team at Keebeck Wealth Management will continue to earn accolades as disruptors in the wealth management arena.

Keebeck has selected BNY Mellon’s Pershing Advisor Solutions to provide custody services for its clients’ assets and Addepar for performance reporting.

RIA Movement

TFC Financial Management, an RIA in Boston, says Debra S. McDonald, CFP, has joined the firm as a senior client advisor. Most recently, McDonald spent 13 years with Wingate Wealth Advisors in Lexington, Massachusetts; prior to that, she spent four years with Charles Schwab, working with independent advisors. and eight years with Fidelity.

We are so pleased that Debra is joining our team,” according to Renée Kwok, TFC president and CEO. “She shares our values about service excellence and has tremendous experience understanding clients’ needs and helping them achieve their goals.”

Other Developments

Complect LLC, a technology company working on the on-demand ‘gig economy’ model for independent financial-advice firms looking for regulatory risk and compliance specialists, said it had new board member: Kevin Keefe, the former president and CEO of First Allied Securities.

Hanh Nguyen, CEO of Complect, said in a statement, “Our mission is to help industry participants maximize staffing and cost flexibility related to their compliance and regulatory needs … With his three decades of industry experience, Kevin brings a unique ability to drive insights and help us engage more deeply with our core customers, in support of our company’s mission.”

SFA Partners of Atlanta appointed David Pittman to the newly created role of executive vice president of Strategic Blueprint, an independent registered investment adviser firm. In addition to Strategic Blueprint, SFA Partners includes Strategic Financial Alliance (SFA), an independent broker-dealer and corporate RIA, as well as SFA Insurance Services.

Strategic Blueprint includes a platform for custody, clearing, product due diligence, technology, compliance and wealth management for independent financial advisors. Pittman will report directly to Strategic Blueprint President Julie Sullivan.

“We’re delighted to welcome David Pittman to the leadership team of our Strategic Blueprint subsidiary,” said Clive Slovin, president and CEO of SFA Partners, in a statement. “Over his 16 years in the distribution space for retail alternatives, a longstanding area of focus for our organization, David has worked closely with thousands of financial advisors, bringing a unique blend of empathy, perspective and expertise in helping them to addess challenges and capture new opportunities.”

Founders Financial Securities, an RIA and independent broker-dealer firm, named Hank Multala to role of managing director of business development. Multala will report directly to CEO Bradley Shepherd and will lead the development and implementation of advisor recruiting.

“We are happy to welcome Hank Multala as the newest member of the Founders family. From the outset, it was clear that Hank appreciates Founders’ unique history and approach to serving advisors,” explained Founders CEO Bradley Shepherd.

Prior to joining Founders, Multala helped advisors consider, assess, and complete their move to broker-dealers and RIAs through his role in business development positions with large independent broker-dealer firms.

Also, Bernstein Private Wealth Management, a unit of AllianceBernstein, says Clare Golla has been promoted to the role of head of Endowment and Foundation Advisory Services. “Bernstein has been innovating for over five decades to help endowments and foundations achieve their goals,” said Golla, in a statement.

“These organizations need a trusted fiduciary partner on the investment front, so they can stay focused on what matters most – achieving their respective missions,” she explained.


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