Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Raymond James' headquarters in St. Petersburg, Florida

Practice Management > Building Your Business > Recruiting

Raymond James Picks Up $2.9B Baird Team

Your article was successfully shared with the contacts you provided.

What You Need to Know

  • Raymond James has picked up a team of eight financial advisors in Reston, Virginia, that had managed $2.9 billion in client assets at Baird.
  • The team is operating as The Wise Investor Group of Raymond James, and has joined Raymond James & Associates, its employee advisor channel.
  • The team, with an overall staff of 17, is being supported by RJA’s Chesapeake Complex.

Raymond James has picked up a team of eight financial advisors in Reston, Virginia, that previously managed $2.9 billion in client assets at Baird.

Operating as The Wise Investor Group of Raymond James, the advisor team, based in the Washington, D.C., area, has joined Raymond James & Associates, the firm’s employee advisor channel, Kelly Anderson, Northeast regional director for RJA, said Tuesday.

Wise’s advisor team includes Simon Hamilton, Gregory Smith, David Mount, Ann Summerson, Chase Hinderstein, Matthew Anderson, Chris Aime and Nicholas Sorden.

“After considerable thought, planning and months of due diligence, our team wholeheartedly felt Raymond James offers the best opportunity to enhance what we can accomplish together with our clients,” according to Hamilton, Wise’s managing director and portfolio manager.

Raymond James “has a long history of putting clients first and is equipped with a breadth of resources — from sophisticated wealth planning expertise to forward-looking technology,” Hamilton added. “As we look ahead, we’re certain this decision will allow our group to continue to evolve and thrive throughout this new chapter.”

The staff of 17 at Wise also includes portfolio analysts Edward Holton, Kevin Haddon and Vasilios Rajendra.

The group is being supported by RJA’s Chesapeake Complex, led by complex manager Warren Wright, and serves a client base that includes a mix of business owners, executives, retirees, families and individuals, Raymond James said.

“For this highly respected and experienced group to join Raymond James is a testament to our shared values and vision and their resounding confidence in the firm’s unique advisor offerings and client focused culture,” according to Tash Elwyn, RJA president and CEO.

“Raymond James’ value proposition of providing a world-class suite of services, products and integrated technology, alongside a culture of uncompromising independence, has continued to appeal to advisors across a wide spectrum of size and scope,” Elwyn added.

RJA parent Raymond James Financial now has about 8,600 advisors throughout the U.S., Canada and overseas. Total client assets were about $1.16 trillion as of Sept. 27, it said.

(Pictured: Raymond James’ headquarters in St. Petersburg, Florida)


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.