Raymond James Monetary has named an organization veteran to steer the Northeast division of its impartial contractor channel, in accordance with an announcement.
Daniel Cole, who had been assistant director for the Northeast since 2022, began in his new function on Monday, a spokesperson confirmed. He changed Alex David, who left in mid-December to steer Fairness Providers Integrated.
The transfer comes nearly three months after one other Raymond James lifer, Kirk Bell, was named to switch Shannon Reid as president of the Impartial Contractor Division.
Cole first joined Raymond James in late 2007 as a portfolio account administrator, in accordance with his LinkedIn profile. He held a wide range of roles throughout Raymond James’ Personal Shopper Group, which incorporates its worker advisor division and had been director of advisor know-how earlier than taking over the assistant divisional supervisor function.
“His willingness to interact with advisors in native markets, meet challenges head on and keep a service mentality has earned him the belief and respect of colleagues and advisors alike,” Bell mentioned in a press release.
Different current management adjustments inside Raymond James embody the promotion of a separate agency veteran to steer operations within the Personal Shopper Group and the addition of a former strategist for Dimensional Fund Advisors to move up ETF technique below its funding administration arm. David Sisemore, who led the impartial contractor channel on an interim foundation following Reid’s departure, additionally moved again into his function main the Midwest division and is anticipated to retire on the finish of the 12 months.
Raymond James kicked off 2026 with its second-busiest recruitment quarter ever, the corporate mentioned in April, including advisors overseeing greater than $20 billion at their former companies. The corporate at present has near 9,000 advisors with the bulk at its impartial channel.
On the finish of March, Raymond James reported overseeing $1.76 trillion in shopper property, up 15% over the earlier 12 months.