Advisor strikes: Raymond James lands $460M father-son crew from Wells Fargo
Elsewhere, LPL recruits a $160M Edward Jones advisor in Alabama as William Blair opens a Dallas workplace with an ex-UBS wealth crew
Raymond James has recruited a father-son crew from Wells Fargo that managed greater than $460 million in shopper property, main a spherical of advisor strikes that additionally noticed LPL Financial choose up a $160 million Edward Jones observe in Alabama and William Blair open a Dallas wealth workplace staffed by a crew from UBS.
Raymond James provides Wells Fargo crew in Ohio
Ted Krawec and his son, Jordan Krawec, have joined Raymond James & Associates, the agency’s worker advisor channel. They will run their observe as Krawec Wealth Management of Raymond James in Westlake, Ohio, serving industry house owners, company executives and retirees.
Ted Krawec, a managing director, spent 21 years at his earlier agency, the place he was a managing director and senior institutional marketing consultant. He has labored within the business for almost 4 a long time. Jordan Krawec, a primary vice chairman of investments, spent seven years at his prior agency and has a finance diploma from Miami University.
Senior registered shopper affiliate Natalie Sutcliffe and monetary advisor trainee Ethan Veselic moved with the crew. Amy Smart, Mid-American regional director for Raymond James & Associates, confirmed the rent.
“Raymond James provides the back-office help, know-how and planning sources to reinforce that work whereas preserving extremely private, multigenerational relationships on the middle,” Ted Krawec mentioned.
The Krawic Wealth crew snaps an almost monthlong absence of recruitment bulletins at RJA, which most not too long ago in September revealed it had recruited a $1.25 billion team from D.M. Kelly & Company in Iowa.
LPL lands Edward Jones advisor in Alabama
Matt Griggs moved his observe, Griggs Investment Group, from Edward Jones to LPL Financial’s broker-dealer and registered financial backing advisor platforms.
Based in Eufaula, Alabama, he reported serving roughly $160 million in advisory, brokerage and retirement plan property. Griggs had been registered as an financial backing advisor and dealer at Edward Jones for about three years, based on his BrokerCheck record with FINRA.
His purchasers embody households within the area’s agricultural group and authorities staff dealing with distributions from office retirement plans. Client service affiliate Cheryl Pitts is becoming a member of him at LPL.
Griggs mentioned larger management over his observe and its pricing drove the change. “This transfer is about having the liberty to construct a greater industry for my purchasers,” he mentioned.
Earlier this month, LPL introduced a shift in management by tapping a firm veteran, Ken Hullings, as its head of recruiting.
During its third-quarter earnings name, LPL reported $24 billion in recruited property for the three-month interval ended September 30, down barely from the $25 billion it had logged for the second quarter.
William Blair opens Dallas wealth workplace with UBS crew
William Blair Private Wealth Management has planted a stake in Dallas, establishing its personal wealth presence within the metropolis with a four-person crew from UBS Private Wealth Management. Managing administrators and wealth advisors
Ryan Berube and Allen Abney lead the crew, which advises high-net-worth and ultra-high-net-worth households, company executives, entrepreneurs, household workplaces and foundations.
The two have been featured repeatedly on Forbes’ best-in-state wealth crew rankings since 2023. The crew reported $2.1 billion in crew property beneath custody, with the everyday relationship starting from $5 million to $25 million in internet price.
Berube has greater than 30 years within the industry and has led wealth groups at UBS, Credit Suisse, U.S. Trust and J.P. Morgan. He can be an Olympic gold medalist who anchored the US 4×200-meter freestyle relay on the 1996 Summer Olympics in Atlanta, Georgia.
Abney has almost 20 years in monetary companies, beforehand at UBS and Credit Suisse. Before that, he was a White House spokesperson within the George W. Bush administration and a authorities and public affairs marketing consultant.
“William Blair’s impartial, employee-owned partnership and give attention to enduring shopper relationships align carefully with how we have now constructed our observe,” Berube mentioned.
Berube and Abney are becoming a member of a wave of advisors breaking away from UBS, which within the first half of 2026 misplaced a complete of 270 advisors, based on one industry report by Diamond Consultants. Still, the report famous that UBS is outwardly transferring towards “working a smaller, leaner US wealth administration industry,” which suggests the outflows of advisor expertise may not be fairly as painful for the agency as headlines would counsel.
“[R]ecent monetary outcomes might counsel that technique is working from the company perspective,” the report mentioned. “What advantages the agency economically within the close to time period might not at all times align completely with what particular person advisors worth from their platform.”
