May 2, 2017
Raymond James Recruits $400 Million Advisor in Manhattan Beach, CaliforniaST. PETERSBURG, Fla. – Raymond James recently recruited Senior Portfolio Manager and Wealth Advisor Michael Jeppson, CRPC®, to Raymond James Financial Services, Inc., (RJFS) – the firm’s independent broker/dealer – in Manhattan Beach, California, according to Bill Counsman, Western regional director for RJFS. He is joined by senior client services manager Angie Duso.
Jeppson joins Raymond James from Merrill Lynch, where he previously managed over $400 million in client assets and had approximately $1.8 million in annual production. He and Duso operate as Jeppson Wealth Management, offering securities through Raymond James Financial Services. Inc., member FINRA/SIPC, and provide holistic financial planning, investment management, charitable giving and tax and estate planning strategies specifically designed for each of their clients.
“We interviewed a number of the major financial services firms,” said Jeppson, “but after careful analysis, Raymond James’ combination of a client-first focus with a strong advisor support platform, was the firm we deemed to be the best for serving our clients’ needs. We like the way Raymond James encourages us to make decisions in our clients’ best interests and does not dictate how we should run our practice.”
A 30-year industry veteran, Jeppson started his financial services career in 1985 with Merrill Lynch. From 1993-2008 he was with Smith Barney, returning to Merrill Lynch in 2008. He is a portfolio manager and wealth advisor and holds the Chartered Retirement Planning Counselor (CRPC®) designation. He is a graduate of UCLA with a bachelor’s degree in economics and also played for the UCLA varsity rugby team.
Duso has over 28 years of securities industry experience and has worked with Jeppson since joining him at Smith Barney in 1995.
“I am very happy to welcome Michael and Angie to Raymond James,” said Counsman. “Attracting experienced and high quality advisors like Michael, continues to confirm the appeal of our independent channel, with our superior technology and comprehensive support for advisors. We’re proud that our culture and our platform have become a differentiator in the marketplace, and we’re pleased to welcome teams such as Jeppson Wealth Management, whose client-first focus and values align so closely with that of our firm.”
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 7,200 financial advisors serving approximately 3 million client accounts in more than 2,900 locations throughout the United States, Canada and overseas. Total client assets are $643 billion.