Raymond James Financial Institutions Division (FID) announced that Trustmark National Bank has selected the firm’s platform to enhance its financial planning and advisory offering, as announced by Stephen Kruchten, president of FID. With this new setup, Trustmark Financial Services (TFS) will provide clients with investment and wealth management services through Raymond James Financial Services.
TFS features 33 financial professionals, including 18 financial advisors, who manage about $2.7 billion in client assets from offices in Alabama, Florida, Mississippi, Tennessee, and Texas.
KEY QUOTES:
“Trustmark has long been recognized for its commitment to personalized service and investment in the communities it serves. We’re proud to soon support their team with our client-first service approach and a sophisticated platform designed to preserve the strength of their brand locally while empowering advisors to compete — and win — in their markets. Through these robust capabilities, we aim to help Trustmark expand its reach across key client segments and elevate the wealth management experience for both advisors and clients.”
Stephen Kruchten
“We chose Raymond James for its continued investment in technology and resources, its strong reputation for stability and growth, and its tailored service approach — all delivered with the feel of a boutique firm backed by the scale and capabilities of a large, diversified institution. Raymond James’ leadership remains focused on enhancing the advisor and client experience, with advisor retention as the firm’s number one growth priority. It was the clear choice to elevate and expand our investment and wealth management offering.”
Mike Zito, president of TFS
“Raymond James delivers the scale, support and flexibility that institutions like Trustmark require to grow intentionally. Our national brand presence, paired with a truly advisor-centric approach, will position their team to compete with the largest firms while confidently meeting the evolving needs of high-net-worth and ultra-high-net-worth clients.”
Jon DeMayo, vice president of business development at FID
