Raymond James & Associates reorganizes divisions, further unifying leadership with Alex. Brown
Changes include the succession of retiring Western Division Director, SVP Pat Allison
ST. PETERSBURG, Fla. – Raymond James today announced a regional reorganization of Raymond James & Associates (RJA) – the firm’s employee advisor channel – and the retirement of Western Division Director, SVP Pat Allison at the end of the calendar year.
The reorganization, effective October 1, establishes further leadership alignment across RJA and Alex. Brown, a division of Raymond James, for a more unified approach to supporting current and future advisors, according to Tash Elwyn, RJA president and CEO.
“Providing advisors and their clients with a strong leadership team focused on furthering the combined efforts of Raymond James & Associates and Alex. Brown is a key component of our growth strategy. Doing so will help identify efficiencies, bolster continued growth, optimize advisor support and add support for expanding strategic markets,” said Elwyn.
Allison will be succeeded as division director by Bert White, overseeing strategic development of the Western division. 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 fill White’s former position as regional director of Florida, transitioning from his role as SVP and head of the Financial Institutions Division (FID) within Raymond James Financial Services. Since 2008, Killgoar has served in various capacities at Raymond James including assistant to the chairman, VP, client experience and marketing strategy, and VP, director of Strategy & Consulting for FID. Steve Kruchten will succeed Killgoar as head of FID from his former position as FID SVP, National Relationship Management.
“I’m grateful to Pat for being a valued member of our RJA leadership team and for the remarkable impact he’s had over the past 30 years. Our culture of thinking long term in regard to succession planning has allowed for a thoughtful reimagining of divisional leadership with highly qualified individuals,” said Elwyn. “I’m confident that Bert and Tim will continue to inspire and lead successful teams in their new roles.”
RJA will add a regional director focused exclusively on supporting and developing the California market as part of the reorganization. This 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, according to Elwyn.
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 $1.23 trillion as of May 31, 2023. Additional information is available at raymondjames.com.