Raymond James to Reorganize Employee Advisor Channel

“Our culture of thinking long-term in regard to succession planning has allowed for a thoughtful reimagining of divisional leadership with highly qualified individuals,” Elwyn said.

Allison will be succeeded as division director by Bert White, who will oversee strategic development of the Western division, the firm said. White previously served as regional director in the RJA Eastern division and joined the firm as managing director of the South Florida Complex in 2017.

Tim Killgoar will replace White as regional director of Florida, transitioning from his role as senior vice president and head of the Financial Institutions Division within Raymond James Financial Services. Since 2008, Killgoar has served in several capacities at Raymond James, including assistant to the chairman, vice president of client experience and marketing strategy, and vice president, director of Strategy & Consulting for FID.

Steve Kruchten will succeed Killgoar as head of FID, shifting from his position as FID senior vice president of National Relationship Management.

RJA also plans to add a regional director focused entirely on supporting and developing the California market as part of the reorganization, the firm said.

That plan “reflects its continued investment in the Western U.S. to support both the growing number of existing advisors as well as plans for enhanced advisor recruitment,” Elwyn said.

Parent company Raymond James Financial has about 8,700 advisors throughout the U.S., Canada and overseas. Total client assets were about $1.23 trillion as of May 31.