Raymond James has been on a recruiting tear over the past week, adding three teams with a total of over $2 billion in client assets to its employee channel and one independent advisor with about $365 million in assets.
In Juneau, Alaska, Raymond James & Associates picked up a group with $740 million in client assets and five advisors previously with Merrill Lynch: Peter Jurasz, Rebecca Hall, Harold Heidersdorf, Christian Veliz and Ryian Jurasz. They will do business as the JHV Group of Raymond James.
The group has nearly 70 years of combined industry experience and focuses on serving business owners, corporations, endowments and foundations, families and nonprofit organizations.
“At Raymond James, we’ve found a firm that not only supports advisor independence and practice ownership but also provides the necessary resources to serve the dynamic needs of our high-net-worth clientele,” Peter Jurasz said. “The firm’s commitment to an advisor- and client-centric culture enables our team to continue delivering sophisticated wealth management strategies with the flexibility our clients deserve."
Joining Raymond James’ employee channel from RBC Capital Markets in Scottsdale, Arizona, are advisors Brian Flader, Michael Flader and Chris Young.
The team previously managed about $828 million in client assets and will do business as Flader & Young Wealth Management of Raymond James. They serve business owners, families, individuals, retirees and pre-retirees.
Moving to Raymond James’ employee channel in Huntington, West Virginia, from Morgan Stanley, where they managed more than $465 million in assets, are advisors Jefferey Biederman Jr. and Andrew Burns.
Now doing business as Biederman Burns Wealth Management of Raymond James, the advisors work with business owners, corporate retirement plans, families and individuals in or nearing retirement.
“Andy and I are excited to join Raymond James, which offers the environment and infrastructure that are essential to support the kind of practice we want to build,” said Biederman, who’s been in the industry for nearly 30 years.
Also joining Raymond James recently is advisor David Tam, who is now part of the firm’s independent channel and is based in San Diego. He moved to the firm from Edward Jones, where he previously managed more than $325 million in client assets.
“With any business decision, my clients’ best interests come first and I’m proud to partner with a firm that shares those values," said Tam, who has 20-plus years in the business. "Not only does Raymond James maintain a client-centric approach, but it also has the strength and stability expected of a $1.58 trillion firm, which my clients and practice can rely on for the long term.”
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