Raymond James Adds $1B RBC Wealth Group
The three veteran advisors work in the greater Phoenix area.
Raymond James says it has added a team formerly with RBC Wealth Management managing $1.1 billion in client assets to its employee channel. Pahnke Wealth Management Group includes three financial advisors and seven branch professionals and is based near Phoenix.
Advisors Glenn Pahnke, Ted Churchill and Austin Pahnke have a combined 60 years of industry experience and serve clients such as business owners and high-net-worth individuals and families.
“The addition of this accomplished team further strengthens our advisor presence across the Western U.S., underscoring our ongoing efforts to attract top-tier professionals across the country who share our core values,” according to Rick Sanchez, West Coast regional director for Raymond James & Associates.
As of Dec. 31, Raymond James had roughly 3,720 employee advisors and about 4,990 independent advisors. Total assets under administration were $1.4 trillion as of Feb. 29.
“We are thrilled to align with Raymond James, a firm that shares our unwavering commitment to service excellence while delivering insightful wealth management solutions that are custom-tailored for clients,” Glenn Pahnke said in a statement.
The three advisors moving to Raymond James are joined by practice business manager Gretchen Forler, senior investment portfolio analyst Mark Ackel, investment portfolio associate Tracy Jenkins and client service associates Mona Johnson, Yolanda Rodriguez, Tracy Eckman and Kayvon Malaekeh.
Pahnke Wealth is supported by Raymond James’ Scottsdale Gainey complex, led by complex manager Robert Burghart.
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