People Moves

Raymond James Recruits $350 Million Advisor From Wells Fargo

Arti Mehta Reporter December 2, 2016

Raymond James Recruits $350 Million Advisor From Wells Fargo

The Florida-headquartered firm is continuing its spell of senior hires.

Raymond James has recruited a former Wells Fargo advisor who oversaw $350 million in client assets to join its recently opened office in Denver, Colorado.

Jarrod Biebel joins as senior vice president of investments, along with Angelica Walter, who also joins from Wells Fargo as senior registered client service associate. Together, the pair will operate as First Avenue Wealth Partners. 

While at Wells Fargo, Biebel had annual fees and commissions of more than $2 million. Prior to that, he held numerous advisory and portfolio management roles at Everen Securities and Prudential Securities. He kick-started his career with John Nuveen, an investment manager specializing in dealings with high net worth investors, as a municpal bond wholesaler.

“Their conservative values align closely with those of Raymond James, making them a great duo to represent us in the Denver market,” said Dennis Kaboth, manager of the Denver-Cherry Creek complex.

The hires continue a string of senior appointments at Raymond James. Most recently, the firm recruited independent advisors Jason Croix, Michael MacRory and Jeffrey Shoop in Texas. They manage a combined total of $466 million in client assets. Also last month, the Decker Global Wealth Group joined the Annapolis, Maryland office, having previously worked at the Royal Bank of Canada. 

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes