ST. PETERSBURG, Fla. – Raymond James’ Financial Institutions Division continues its strategic growth with the addition of ProsperityPrivate Investments, Prosperity Bank’s investment program headquartered in Victoria, Texas, according to Senior Vice President and Head of Raymond James Financial Institutions Division Tim Killgoar. The advisors at Prosperity Bank will offer investment and wealth management services to their clients through Raymond James Financial Services, Inc., member FINRA/SIPC.
“We’re proud to partner with the professionals at ProsperityPrivate Investments as they continue to expand their investment offerings to clients throughout Texas and Oklahoma,” said Killgoar. “Exceptional client service remains at the core of both of our businesses, and we’re pleased that Prosperity chose to partner with us for continued support. We welcome them to our growing Financial Institutions Division, and look forward to this mutually rewarding partnership.”
ProsperityPrivate Investments was previously affiliated with Cetera Investment Services, LLC. The program includes program manager Randy Hall and nine financial advisors, who collectively manage more than $600 million in client assets and serve clients throughout Texas and Oklahoma.
“Our new association with Raymond James is a powerful partnership,” said Kelly Park, president of Prosperity Wealth Management. “We chose Raymond James for several reasons, including their dedication to client service, their market recognition and the firm’s financial stability – all of which are very important to us as we continue to provide our clients with an array of financial and wealth management solutions.”
About Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 3,700 independent financial advisors nationwide. Since 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF) a leading diversified financial services company with approximately 7,100 financial advisors serving in excess of 3 million client accounts in more than 2,900 locations throughout the United States, Canada and overseas. Total client assets are approximately $637 billion.
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 Prosperity Bancshares, Inc.
As of December 31, 2016, Prosperity Bancshares, Inc. ® is a $22.331 billion Houston, Texas based regional financial holding company, formed in 1983. Operating under a community banking philosophy and seeking to develop broad customer relationships based on service and convenience, Prosperity offers a variety of traditional loan and deposit products to its customers, which consist primarily of small and medium sized businesses and consumers. In addition to established banking products, Prosperity offers a complete line of services including: Internet Banking services at www.prosperitybankusa.com, Retail Brokerage Services, Credit Cards, MasterMoney Debit Cards, 24 hour voice response banking, Trust and Wealth Management, Mortgage Services, Cash Management and Mobile Banking.
Prosperity currently operates 245 full-service banking locations: 65 in the Houston area, including The Woodlands; 29 in the South Texas area including Corpus Christi and Victoria; 36 in the Dallas/Fort Worth area; 22 in the East Texas area; 29 in the Central Texas area including Austin and San Antonio; 34 in the West Texas area including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area, 6 in the Central Oklahoma area and 8 in the Tulsa, Oklahoma area.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Prosperity Bank and ProsperityPrivate Investments are not registered broker/dealers, and are independent of Raymond James Financial Services. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.