Raymond James has recruited a team of five advisors and four branch professionals in the financial institutions division. Horizon Group joins Pinnacle Asset Management, part of Pinnacle Financial Partners, a banking arm affiliated with Raymond James.
The team joins from Truist, where it previously managed approximately $947 million in client assets, and will operate from Pinnacle's new Ponte Vedra, Fla. office. It will use Raymond James Financial Services, the firm's independent contractor division, for the brokerage business.
The Horizon Group includes advisors Christopher Sivley, Matt Turner, Melissa Churchwell, Jamie Rowell and Wesley Thomas, joined by client services manager Amber Bennett and client relationship consultants Brad Melvin, Nick Gillespie and Marlo Thomas-Bailey.
“Ultimately, our team's decision was driven by a host of potential benefits to the practice and our clients, including access to cutting-edge technology, robust product offerings and a consistent focus on high net worth financial planning,” said Turner in a statement.
Pinnacle Asset Management is a division of Pinnacle Financial Partners, a bank headquartered in Nashville, with branches throughout the Southeast region.
Raymond James recently made a number of senior management changes, with Paul Reilly is stepping down as the company's CEO in fiscal 2025. CFO Paul Shoukry will succeed him in that role, while chief accounting officer Butch Oorlog will replace Shoukry.
Firm too promoted Tom Walrond, a senior vice president and division director, to president of Raymond James & Associates, the firm's employee engagement model. He replaces Tash Elwyn, who was appointed president of the company's Private Client Group. Scott Curtis, who was promoted to chief operating officer, previously held that role.
Bella Allaire, executive vice president of technology and operations, has moved into the role of chief administrative officer, with former chief information officer Vic Campagnoli filling her former position. The firm also moved Tarek Halel, a senior vice president of investments and strategy, to the new position of chief strategy officer.
The leadership changes are part of a “multi-year succession planning process,” the company said.