Raymond James Financial Services has added a new team to its financial institutions division, expanding the reach of its investment and wealth management services.
The three financial advisors and four associates from Plains State Bank in Houston and Cypress, Texas, will operate as Core+ Financial Strategies and were previously affiliated with Avantax Investment Services.
The team manages approximately $317 million in client assets and is led by financial advisors Ronn Kudlacek and Brad Wilson along with Savara McDaniel.
"Our decision to align with Raymond James was driven by the firm's profound experience and deep understanding of the banking landscape, from its inherent 'service' culture to its integrated investment platform. The firm's widespread recognition as a household name and impressive reputation further solidified our decision," said Lori Hilman, president, and chief operating officer of PSB.
Tim Killgoar, senior vice president and FID national director of Raymond James Financial Services, welcomed the team.
"Our unwavering focus remains centered on delivering comprehensive support to our partners and a close working relationship that surpasses traditional brokerage offerings. We have full confidence that programs of this caliber will benefit from our sophisticated support and cutting-edge technology as they continue to expand and enhance their wealth management services for clients."
The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.
Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."
As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.
IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.
Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
