Raymond James Financial Institutions Division welcomes new $300 million program with Peoples State Bank in Wisconsin
ST. PETERSBURG, Fla. – Raymond James welcomed the wealth advisory team of Peoples Wealth Management, located at Peoples State Bank (PSB), to its Financial Institutions Division (FID) – according to Tim Killgoar, senior vice president and FID national director. Through this new relationship, the two advisors and two professionals will offer investment and wealth management services to their clients through Raymond James Financial Services, Inc.
Based in Wausau, Wisconsin, the group includes financial advisors Bryan Nill and Scott Wildman. They are joined by branch professionals Connie Higgins, AIF®, and Dana Kolbe and manage approximately $304 million in client assets. Nill and Higgins were previously affiliated with Commonwealth Financial Network, while Wildman and Kolbe arrived from Wells Fargo.
"The decision to partner with Raymond James Financial Services was centered on our goal to deliver benefits to our Peoples Wealth Management clients," said Scott M. Cattanach, president & CEO of PSB. "And adding Scott Wildman and Dana Kolbe provides a robust team that can offer the experience and knowledge to help our Peoples Wealth Management clients on the road to financial independence."
"Peoples State Bank has a rich history of providing high-quality service and community dedication spanning more than six decades. We are proud to welcome Peoples Wealth Management to the growing Financial Institutions Division," said Killgoar. "Raymond James' profound culture and considerate approach to brokerage offerings, reinforced by tailored resources, cutting-edge technology, and unwavering support, consistently draw exceptional programs like PSB into our fold."
About the Financial Institutions Division
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with an alternative to traditional third-party investment providers. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to compete with the largest banks and securities firms in the country. In addition to a full complement of investment products and services, Raymond James has the ability to deliver investment banking, public finance, research, self-clearing capabilities and wealth management services to both individuals and institutions.
About Raymond James Financial Services
Raymond James Financial Services, Inc. (RJFS), member FINRA/SIPC, is a financial services firm supporting independent financial advisors nationwide. Since 1974, RJFS provides a wide range of investment and wealth planning-related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both firms are wholly owned subsidiaries 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 $1.31 trillion as of July 31, 2023. Additional information is available at raymondjames.com.
About Peoples State Bank
Peoples State Bank is a community bank headquartered in Wausau, Wisconsin, serving northcentral and southeastern Wisconsin from eleven full-service banking locations. Peoples provides financial services to business owners and individuals. Peoples was founded in 1962 and has $1.4 billion in total assets. PSB Holdings, Inc., the parent company of Peoples State Bank, trades its common stock under the stock symbol PSBQ on the OTCQX Market. Peoples is an Equal Housing Lender and Member FDIC. More information about Peoples can be found at bankpeoples.com.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Peoples Wealth Management and Peoples State Bank are not registered broker/dealers, and are independent of Raymond James Financial Services. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc.