Raymond James Picks Up $3B Cetera-Affiliated Advisor Team

Raymond James recruited a team of Cetera Investment Services-affiliated advisors managing about $3 billion in business and individual client assets to its Financial Institutions Division, Raymond James said Monday.

The team includes 50 financial professionals in all from Columbia Wealth Advisors, located at Umpqua Bank, headquartered in Lake Oswego, Oregon, with a total of about $50 billion in client assets, it says.

In addition to Oregon, Umpqua Bank has offices in Arizona, California, Colorado, Idaho, Nevada, Utah and Washington, Raymond James said in a news release.

Cetera didn’t immediately respond to a request for comment Thursday about losing the $3 billion team.

Through the new alignment, the advisor team will offer its clients investment and wealth management services through Raymond James Financial Services.

The advisor team includes Rhonda Arnett, Brooke Baker, Shane Boehm, Harold Boucher, Sean Breen, John Brunk, Kurt Chase, Carleen Dunagan, Devon Dunagan, Jacob Dusek, Tom Godwin, Patrick Hale, Drew Henrickson, Michael Henson, Ken Hughie, Amy Jamison, Rilee Johnson, Will Moran, Jennifer Morehouse, Diana Ortiz, Bob Reineke, Nori Roman, Jeff Schlenker, Adriane Shaw, Jane Sobottka, Josh Sternberg and Edward Ventham.

They are being joined by Debora Dinehart, a legacy and risk consultant, and Merry Dooley, a wealth planning manager.