RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Raymond James looks to extend its RIA roll-up success with FallLine deal that gets John Straus off the startup schneid

The St. Petersburg, Fla.-based broker-dealer connected with Steward and this time it gets play at making gains in two weak areas -- serving RIAs and ultra high net worth investors

Author Janice Kirkel July 13, 2017 at 9:04 PM
Admin:
no description available
John Straus: Other broker-dealers are not experienced in dealing with a wealthy complex client.

Related Moves

After recruitment of minorities and women gets CEO-level attention at Raymond James, a program gets a dynamic leader

With ratios stuck in the teens, CEO Paul Reilly gives chief marketing officer at subsidiary Carillon Tower Advisers, Renee Baker, her shot at mission impossible -- getting Advisor Inclusion Networks to live up to its Orwellian name

August 24, 2019 at 4:25 AM

Last year's RIA chief departs Raymond James after ship sails without her at helm of RIA unit, leaving her anchored to COO role

Maria Daley took the reins after Bill Van Law's unexpected departure, but Greg Bruce came on in March to lead RIA Unit, a job she held on interim basis

June 6, 2019 at 2:16 AM

Raymond James finally names new RIA chief and, yes, he is a Schwab veteran

The St. Petersburg, Fla. broker-dealer parted ways with Bill Van Law -- a Merrill Lynch veteran -- a year ago; now it has a real RIA veteran in Greg Bruce

March 4, 2019 at 11:54 PM

Fidelity Investments' plan to hire 12,000 by October hit wall of macro-headwinds; no problem, it landed at 15,000; Schwab keeps hiring, too

The Boston giant's people grab could be derailed by indigestion -- the inability to assimilate staff -- an analyst says; but it has yet to materialize so the hiring spree rolls on.

October 29, 2022 at 12:02 AM

See more related moves

Mentioned in this article:

Tiburon Strategic Advisors
Asset Manager for RIAs
Top Executive: Charles Roame

Raymond James Financial Inc.
Asset Custodian
Top Executive: Bill Van Law

Addepar
Portfolio Management System
Top Executive: Eric Poirier

FallLine Securities LLC
RIA-Friendly Broker-Dealer
Top Executive: John A. Straus




Stephen Winks

Stephen Winks

July 13, 2017 — 10:57 PM
Interesting iteration of a brokerage format, but plows no new ground on advisory services. The product focus does not bode well for professional standing of the user. Broker centricity does not make it compelling for the advisor. Financial services (prudent process), streamlining costs, a more modern approach to portfolio construction utilizing advanced technology is the DNA of advisory services, not yet another not tinkering with conventional brokerage at the margins. .If Dynasty goes deeper into advisory services, brokerage of any description can not compete on value, cost and the professional standing of the user. SCW
Spears Jeff

Spears Jeff

July 13, 2017 — 11:02 PM
As a former landlord of a Half-WAy house I wil. Say my $ is on John. The ONLY caveat is that conlinance is undervalued by many advisors. Until it is too late

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo