Raymond James grabbed a UBS team with four advisors, $990 million in client assets under management and $1.6 billion in assets under advisement.
The group includes Arun Sardana, Adam Proger, Paul Grambsch and Reilly Loflin, who joined the employee channel in Bethesda, Maryland. They do business as SPG Fiduciary Partners of Raymond James, which is a part of the Chesapeake Complex.
“In order to provide prudent investment advice to sophisticated institutional clients like the nonprofit organizations we serve as an acknowledged fiduciary in writing, we needed flexibility, independence, complete transparency and enhanced resources,” according to Sardana. “Raymond James was the only organization that gave us this platform.”
Sardana has 25 years of industry experience and earlier was one of about 28 senior institutional consultants in the UBS Institutional Consulting Group, which he joined in 2008. Proger has roughly 14 years of work in the business and was a member of the UBS Institutional Consulting Advisory Council.