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Financial Advisory  + Wealth Management  | 
Raymond James Lands $3B Cetera Team

Raymond James Lands $3B Cetera Team

The Financial Institutions Division (FID) of Raymond James has brought on Columbia Wealth Advisors (CWA), a 50-person team at Umpqua Bank in Lake Oswego, OR that manages $3 billion in client assets.

CWA, formerly affiliated with Cetera Investment Services, will offer investment and wealth management services to its individual and business clients through Raymond James Financial Services.

The team includes 27 advisors, a legacy and risk consultant and a wealth planning manager.

“We needed a client-focused partner with the technical skills and resources available so we could be confident that neither the team nor our clients’ needs would ever outgrow the relationship,” said Stephen Poole, SVP and managing director of CWA.

Umpqua Bank has offices throughout Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington.

Raymond James established the Financial Institutions Division in 1987 to provide banks and credit unions with an alternative to traditional third-party investment providers.

In September, FID added a $304 million bank program formerly affiliated with Commonwealth Financial Network.

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Raymond James Financial Services

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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