What You Need to Know
- The team is based in a new Raymond James & Associates office in downtown Salt Lake City.
- The recruitment win is part of the firm's continued Western U.S. expansion.
- Working from home, “we felt that it was finally a good time for us to revisit what we want our business to look like,” the team's managing director says.
Raymond James has added a seven-person advisor team from Merrill Lynch, where it managed about $842 million in assets for high-net-worth clients, physicians, retirees and other clients.
The team is based in a new Raymond James & Associates downtown Salt Lake City, Utah, office, led by branch manager Pam McComas, the firm said Wednesday. RJA is the firm’s employee advisor channel.
The latest recruitment win is part of the firm’s continued expansion in the Western U.S., it said.
The advisors operate as Williams & Townsend Wealth Management Partners of Raymond James. Joining them at Raymond James are practice business manager Kim Smith and senior client service associates Barbara Hillman and Anne Beck.
Merrill Lynch did not immediately respond to a request for comment on Thursday about losing the team to Raymond James.