Raymond James welcomes Illinois advisor team managing $160 million
ST. PETERSBURG, Fla. – Raymond James recently welcomed financial advisors Abbie Osterbur and Niralee Patel to Raymond James & Associates (RJA) – the firm’s employee advisor channel – in Champaign, Illinois, according to Michael O’Meara, Midwest regional director for RJA.
The advisors join the firm from Merrill Lynch, where they previously managed more than $160 million in assets for a variety of clients, including corporate retirement plans, families and women investors. Their team, which includes senior client service associate Erika Burian, operates as Osterbur Patel Wealth Management of Raymond James.
“We were attracted to Raymond James because of the firm’s client-first mentality and planning-centric approach to wealth management. The promise of autonomy to run our practice as we see fit was also a big draw,” said Osterbur, vice president, wealth management. “These values have always been foundational for our practice and affirm that the transition to Raymond James is the best possible decision for ourselves and our clients.”
“The culture of support and encouragement at Raymond James is unmatched,” said Patel, vice president, wealth management. “We’ve been welcomed with open arms throughout this transition and have even received one-on-one client support from a member of the firm’s executive leadership team during the process. The full backing of the firm will continue to be a key differentiator as we look to grow our practice in the communities we serve.”
Osterbur began her decade-long career in financial services at Merrill Lynch in 2012. She is a CERTIFIED FINANCIAL PLANNERTM and a Certified Plan Fiduciary Advisor. Her educational background also includes a bachelor’s degree in business administration and an MBA with a concentration in finance from Southern Illinois University Carbondale.
Patel has been in the financial services industry since 2009 and began her career at Regions Bank before moving to Old National Bank in 2012. She joined Merrill Lynch in 2013 and became a financial advisor with the company a year later – a position she held for nine years. Patel is a graduate of Rollins College with a bachelor’s degree in economics and business administration.
About Raymond James & Associates
Raymond James & Associates, Inc. (RJA), member New York Stock Exchange/SIPC, is an industry leader in financial planning and wealth management services for individuals, high-net-worth families, corporations and municipalities. RJA is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), one of the nation’s premier diversified financial services companies with approximately 8,700 financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.09 trillion as of Sept. 30, 2022. Additional information is available at raymondjames.com.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNERTM, CFP®, (with plaque design) and CFP®(with flame design) in the U.S. which it awards to individuals who successfully complete the CFP Board’s initial and ongoing certification requirements.