Raymond James Recruits $620 Million Utah Wealth Team From Stifel
Updated
Updated · InvestmentNews · Jun 11
Raymond James Recruits $620 Million Utah Wealth Team From Stifel
1 articles · Updated · InvestmentNews · Jun 11
Summary
$620 million in client assets moved with ARC Wealth Management as Raymond James added the three-advisor Salt Lake City team to its independent channel.
Richard Romano Jr., Amanda Arcilesi Simmons and Brian Collard had spent three years at Stifel after earlier stops together at Morgan Stanley and Wells Fargo, according to FINRA BrokerCheck records.
ARC Wealth serves business owners, endowments, foundations, nonprofits, families and retirees, with founder Romano bringing more than 30 years of experience focused on legacy-oriented planning.
The move came alongside other advisor recruiting wins across the industry, including Ameriprise adding a $120 million Edward Jones advisor and LPL launching a new firm with a $185 million former Edward Jones practice.