Raymond James Financial Institutions Division has added 17 advisors managing a combined $1.2 billion in client assets from Tennessee-based FirstBank’s investment program.
The 27-person FirstBank team joining Raymond James was previously affiliated with LPL, Raymond James said Thursday. The team will offer investment and wealth management services to its clients through Raymond James Financial Services.
In August, FB Financial Corporation, the parent company of FirstBank, completed a merger with Franklin Financial Network, the parent company of Franklin Synergy Bank. As a result of the merger, FirstBank’s advisors and professionals are joining their colleagues at Franklin Synergy in partnering with Raymond James.
Franklin Synergy Bank has been aligned with Raymond James FID since 2004. Its combined investment program includes 22 advisors, 10 support staff and a branch manager, and is led by Tripp Thompson, president of FirstBank Investment Partners.
FirstBank’s partnership with Raymond James FID “will allow us to continue bringing a high level of service to our investment customers,” according to Thompson.