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October 17, 2019 at 09:52 AM
Alex. Brown, part of Raymond James, brought on Eric Dexter from Wells Fargo. Dexter, who previously managed $250 million in assets, will open a branch office for the firm in Portland, Maine.
He has nearly 23 years of industry experience, which have been spent at A.G. Edwards and later Wells.
“We realized that by joining Alex. Brown, we would have access to all of the advantages of this boutique wealth management firm, along with the strengths of a much larger, national wealth management firm,” Dexter said in a statement.
According to Alex. Brown President Haig Ariyan: “We are focused on adding talent to the existing Alex. Brown national footprint, which will allow for meaningful growth. However, when presented with cultural and strategic fits, … we will make targeted investments in growth.”
Raymond James also welcomed Gary Wardein, to its employee channel in Rancho Bernardo, California, from Merrill Lynch.
Wardein works with about $206 million in client assets and is in practice with his daughter, Erin Bethge, CFP. He has been an advisor for 41 years and started out in the business at Merrill in 1978. Bethge joined the industry four years ago.
Stifel News
Meanwhile, Stifel Financial says UBS advisors Jim Fleck and Jason Fleck have joined it in a new Private Client Group office in Bend, Oregon. The father-son team earlier worked with $216 million of client assets.
“I’ve known Jim since the ’90s … ,” said Mark McClure, a Stifel managing director, in a statement. “I have a great relationship with the Flecks and their assistant, Kerry Snook, who formerly worked for Ragen MacKenzie’s Bend office. Jim, Jason, and Kerry are high-quality people and will be the perfect team to grow with in Bend, a market we have wanted to be in for a long time.”
Stifel also added a team recently from Wells Fargo Advisors working with $270 million in total client assets: Jason Jungberg and Michael Ketterbaugh in Macon, Georgia.
