Raymond James is starting April off on a strong note as it lands a billion-dollar powerhouse on the West Coast.
The firm announced that Raymond James & Associates, its employee advisor division, has integrated the Pahnke Wealth Management Group, which is based in Scottsdale, Arizona. The team includes three financial advisors – Glenn Pahnke, his son Austin, and Ted Churchill – who have 60 years of combined industry experience.
Supporting the Pahnkes and Churchill are 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.
“The addition of this accomplished team further strengthens our advisor presence across the Western US, underscoring our ongoing efforts to attract top-tier professionals across the country who share our core values,” Rick Sanchez, RJA regional director in the West Coast, said in a statement.
The Pahnke Wealth Management Group is making the leap to Raymond James’s network from RBC Wealth Management, where it reportedly managed a book of more than $1.1 billion in client assets for business owners, as well as high-net-worth individuals and families.
“We are thrilled to align with Raymond James, a firm that shares our unwavering commitment to service excellence,” said Glenn Pahnke, whose 36 years in the industry includes an early stint at financial services giant Lehman Brothers.
He cited the advanced technology and support provided by Raymond James’s platform as his team looks to continue its “legacy of delivering high-quality investment” and elevating clients’ experience.
News of the group’s move to Raymond James comes as Stratos Wealth Advisors announced that it recruited another RBC team managing a $500 million book of assets in Nevada.
Last week, RJA added another significant book of business in Florida as it welcomed Lynette Ancona, a veteran advisor managing a portfolio of more than $750 million.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
