After ‘disturbing’ RIA losses at Raymond James, Bill Van Law is going on offense-starting with hires of verteran LPL and Fidelity execs
Mindy Diamond Quoted
By Lisa Shidler
Driving home the message that RIAs are no longer relegated to the kids’ table, Raymond James Financial Inc. is poaching talent from two of its biggest competitors — LPL and Fidelity — to expand its regional offices, slashing trade fees, adding products and buttressing its technology.
Raymond James’ serious play in the RIA space will be a boon for its retention efforts, says Mindy Diamond, president and chief executive of Chester, N.J.-based Diamond Consultants LLC, who counts Raymond James among her clients.