Raymond James’ senior vice president and FID national director of the Financial Institutions Division (FID), Stephen Kruchten, announced that the firm has welcomed the wealth advisory team of Security Wealth Management (based at Security Savings Bank) to the FID. With this new alignment, the group will offer its clients investment and wealth management services through Raymond James Financial Services.
Based in Sioux Falls, South Dakota, this group includes financial advisors Jon Gadberry, Brad Jarabek and Sean Powell. And they are joined by registered representative Tim Houska and client service manager Joshua Reid. The group manages about $165 million in client assets and was previously affiliated with LPL Financial.
KEY QUOTES:
“Security Savings Bank has a rich history of over 100 years of dedicated client service. We are confident that through this partnership, the financial advisors and clients of Security Wealth Management will greatly value the extensive investment platform, advanced technology and unwavering commitment to the client-advisor relationship that Raymond James offers. We are delighted to have this exceptional team of advisors and professionals join Raymond James FID.”
- Jon DeMayo, vice president, business development of the Financial Institutions Division at Raymond James
“We are very pleased to partner with the Raymond James Financial Institutions Division. This partnership will enable the bank to provide Raymond James’ robust financial planning tools to our clients. These added resources, in conjunction with our shared commitment to customer service, will help our wealth management team continue to meet our clients’ financial goals – both now and in the future.”
- Rodney Bonander, president and CEO of Security Savings Bank
