Raymond James' headquarters in St. Petersburg, Florida.
Raymond James has hired a former Charles Schwab executive as head of its Investment Advisors Division, which works with RIAs.
Greg Bruce joins Raymond James from Schwab Advisor Services, where he most recently served as managing director of the Great Lakes Region; he was first hired by Schwab in 2001 and became a business development officer in 2007 and a managing director in 2011.
"Greg has an impressive track record of success in the RIA business," according to Private Client Group President Scott Curtis. "Adding his background, experience and deep knowledge of this space furthers our commitment to supporting independent RIA firms and providing them with the best tools and resources available."
Bruce will start his new role in about a week. With his hiring, the current senior vice president of strategic growth for the Investment Advisory Division, Maria Daley, will become the division's chief operating officer.
"The firm's strong reputation in wealth management, client-first culture, robust resources and unique value proposition for independent RIAs are what drew me to Raymond James," Bruce said, in a statement. "'I'm looking forward to expanding and strengthening Raymond James' capabilities that provide support and services to RIA client firms."
