Raymond James Picks Up $2.9B Baird Team

What You Need to Know

Raymond James has picked up a team of eight financial advisors in Reston, Virginia, that had managed $2.9 billion in client assets at Baird.
The team is operating as The Wise Investor Group of Raymond James, and has joined Raymond James & Associates, its employee advisor channel.
The team, with an overall staff of 17, is being supported by RJA’s Chesapeake Complex.

Raymond James has picked up a team of eight financial advisors in Reston, Virginia, that previously managed $2.9 billion in client assets at Baird.

Operating as The Wise Investor Group of Raymond James, the advisor team, based in the Washington, D.C., area, has joined Raymond James & Associates, the firm’s employee advisor channel, Kelly Anderson, Northeast regional director for RJA, said Tuesday.

Wise’s advisor team includes Simon Hamilton, Gregory Smith, David Mount, Ann Summerson, Chase Hinderstein, Matthew Anderson, Chris Aime and Nicholas Sorden.

“After considerable thought, planning and months of due diligence, our team wholeheartedly felt Raymond James offers the best opportunity to enhance what we can accomplish together with our clients,” according to Hamilton, Wise’s managing director and portfolio manager.

Raymond James “has a long history of putting clients first and is equipped with a breadth of resources — from sophisticated wealth planning expertise to forward-looking technology,” Hamilton added. “As we look ahead, we’re certain this decision will allow our group to continue to evolve and thrive throughout this new chapter.”

The staff of 17 at Wise also includes portfolio analysts Edward Holton, Kevin Haddon and Vasilios Rajendra.