Raymond James has named Shannon Reid as the Northeast regional director for its independent broker-dealer. She takes the reins from Tom Harrington, who is retiring.
“Shannon brings a strong track record of leadership and experience at Raymond James, and I am pleased to welcome her as the Northeast’s new regional director,” Jodi Perry, president of the firm’s Independent Contractor Division, said in a statement. “During Tom’s 16-year tenure as regional director, he has made a significant impact in the Northeast region and to ICD’s overall success.”
Raymond James has 4,646 independent advisors and 3,167 employee advisors. As of Sept. 30, assets under administration stood near $756 billion, with fee-based assets totaling $366 billion.
Reid joined Raymond James in 2009 and has served as head of Retirement Solutions, vice president of Cash Management and Private Client Group Planning, vice president of Private Client Group Education and Practice Management, and most recently as senior vice president and divisional sales manager for the employee channel’s Eastern Division.
Before coming on board at Raymond James, she worked at Goldman Sachs for more than nine years. For about six years, she led its Southeast wealth management business, according to her LinkedIn profile.
In her new role, she will oversee the management of independent advisors in the Northeast, which includes Washington, D.C., as well as Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont and Virginia.