Advisor Group says its member broker-dealers — FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury Financial — have recruited eight female advisors with a total of $330 million in assets. The news came just as the firm wrapped up its 13th-annual W Forum for female registered reps.
“I’m a strong believer that it will never be enough for our industry simply to hire more women. We must empower women who enter the financial advice profession, and give them the career development opportunities they need to flourish and make a major impact on their companies and the clients they serve,” according to Executive Chair Valerie Brown.
Joining Woodbury is the team of Black Financial Services of Avon, Minnesota; it is led by Margo Scepaniak, has about $126 million in client assets and used to work with LPL Financial.
Wayfinder Wealth Management of Santa Maria, California moves to FSC from Edward Jones; the group is headed by Teri White and has $53 million in client assets.
Haber Wealth Management of Fort Worth, Texas, is led by Tricia Wood; now with FSC, it formerly worked with Rhodes Securities and had $70 million in client assets.
Elsa Agdinaoay-Segal, Kelle Tom, Glennel Jordan Warren and Donna Tso joined Royal Alliance from MML Investors Services; their firm, Occidental Underwriters of Hawaii, has combined client assets of more than $70 million.
Also, Taina Gude, an advisor with more than $10 million in assets, joined AmeriFlex, a large advisory practice affiliated with SagePoint in Las Vegas; earlier, she was with Waddell & Reed.
Advisor Group recently started the Women Forward Fellowship program, so that some 10 fellows can receive up to $5,000 each toward their chosen coaching program and one-on-one mentoring on a monthly basis.
Phoenix-based Advisor Group includes about 7,000 advisors with about $250 billion in client assets.
Raymond James’ Hires
Meanwhile, Raymond James welcomed four financial advisors in The Villages, Florida, to its employee channel from Wells Fargo: Marc Hallick, Romain Spell, Tyler Jackson and Andrea Patrick, who work with about $331 million client assets.
The team operates as Precision Wealth Management of Raymond James and has about $2.5 million in annual fees and commissions. Together, the group serves a variety of clients, including high-net-worth individuals, business owners and retirees.
“After conducting thorough due diligence and evaluating several firms, it became apparent that there was only one firm where our whole team agreed we would be happy and be able to serve our clients as we wish and as they deserve,” according to Hallickz. “And that firm was unquestionably Raymond James.”
Hallick began his career in 2003 with Morgan Stanley and in 2005 moved to Wachovia, which became part of Wells Fargo. Spell started his work in the business with Edward Jones in 2009 and moved to Wells Fargo in 2014; he spent five years in the Navy, three of which he served as a U.S. Navy Corpsman with the 3rd Battalion 3rd Marines.
Jackson cut his teeth as a private banker with Wells Fargo starting in 2002; he became a financial advisor 10 years later. Patrick began her career in 2002 with Wachovia as a teller manager; she worked as a private banker with Wells Fargo starting in 2010 in The Villages and become a financial advisor in 2015.