Raymond James welcomes experienced Florida advisor managing over $390 million in assets
ST. PETERSBURG, Fla. – Raymond James recently welcomed financial advisor Russell Cappelen to Raymond James & Associates (RJA) – the firm's employee advisor channel – in Vero Beach, Florida, according to Gregg Stupinski, Southeast regional director for RJA.
As Cappelen Wealth Management of Raymond James, Cappelen operates as part of RJA’s Vero Beach branch, serving corporate retirement plans, families, pre-retirees and retirees. He arrives from UBS Financial where he managed approximately $394 million in client assets and is joined by practice business manager Diane Nelson.
“Raymond James allows us to provide a more customized and dynamic wealth management experience for our clients. With access to sophisticated financial planning tools and a firm that values clients and advisors alike, we can continue to guide clients through every stage of their financial journey with greater flexibility and support,” said Cappelen. “The firm’s culture of integrity and advisor-focused resources ensures we have everything we need to expand our practice while keeping client success at the forefront.”
Cappelen brings over 40 years of financial services industry experience to his role as managing director. He began his career in 1984 at Merrill Lynch, and most recently served at UBS for 25 years. His experience is backed by a Bachelor of Science from the University of Florida.
“We are happy to welcome Russell and Diane to Raymond James, where they will find extensive support to provide the high-caliber financial guidance their clients value,” said Stupinski. “We look forward to their continued growth in an environment that empowers advisors with all the capabilities of a large, national firm while maintaining a boutique firm culture.”
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 financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.59 trillion as of Jan. 31, 2025. Additional information is available at raymondjames.com.