July 5, 2017
Raymond James Investment Advisors Division Welcomes New Ultra High Net Worth Team from UBS in Dallas and Houston
ST. PETERSBURG, Fla. – Raymond James Investment Advisors Division (IAD) President Bill Van Law announced that newly created independent advisory firm Requisite Capital Management based in Dallas, Texas, and with an office in Houston, has selected Raymond James as its custodial partner and FallLine Securities as its broker/dealer and private wealth management services provider. The team is comprised of founder and principal Douglas John and co-founder Bryn Basiardanes Talkington. Prior to launching their new firm they both were at UBS for over 14 years where John was a Managing Director and advised on approximately $1 billion of client assets and Talkington was a Regional Director at UBS Asset Management.
“We are thrilled about our new company and our ability to define and manage the client experience. We look forward to delivering a broad array of investment opportunities and services using Raymond James resources combined with FallLine’s Ultra-High Net Worth client focused platform. Technology is transforming the wealth management industry. With the formation of Requisite, we can now embrace this new technology and use it as a catalyst to reshape how we deliver solutions for our clients,” noted John. “Our clients asked and we listened.”
“This is a tremendously exciting time for us and especially Requisite’s clients,” added Talkington. “I am looking forward to tailoring our expanded capabilities in ways that allow us to best serve clients. Thanks to Raymond James and FallLine, we will be able to provide clients a full view of their overall balance sheet. Bottom line, we appreciate that proper management of wealth is far more encompassing than just managing client investments. We believe that our collective experience enables us to focus on what truly matters to clients.”
John began his financial services career in 1996 with Merrill Lynch, spent three years with Alex. Brown/Deutsche Bank and then joined UBS in 2002. Talkington began her career with Olde Discount Corporation in 1994, and joined UBS in 2003, following short stints at Van Kampen Funds and Bear Stearns & Co. Together they founded Requisite Capital Management in June 2017.
FallLine Securities LLC is a Darien, Connecticut based broker/dealer and wealth management platform designed exclusively for independent private wealth advisors and their Ultra-High Net Worth clients. The firm, which uses Raymond James for clearing services, is led by CEO and co-founder John Straus and President and co-founder Peter Ruhlin. Straus was most recently Managing Director and Head of Private Wealth Management at UBS Wealth Management Americas and Chairman of UBS Private Bank Americas. Previously, he was a Managing Director and Head of Private Banking in the United States for J.P. Morgan, and a Managing Director and Head of Private Wealth Management at Morgan Stanley. Ruhlin was most recently President and Chief Operating Officer and a co-founder of Samoset Capital Group LLC, and its RIA subsidiary Samoset Wealth Management Company LLC. Previously, Peter was the Head of the U.S. Capital Markets Practice and a founder of the U.S. practice at Linklaters, a leading global law firm.
“I am delighted to welcome Doug and Bryn and Requisite Capital as a new RIA partner firm to IAD,” said Van Law. “And also very pleased to work with John and Peter at FallLine, as we help them serve the increasing number of advisory teams focused on the Ultra-High Net Worth client segment. Raymond James’ comprehensive full-service platform is unique in the RIA space and we know Requisite and FallLine will find all the tools and resources required to deliver an exceptional experience for clients.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (“RJF” or the “Company”) is a leading diversified financial services company headquartered in St. Petersburg, Florida, providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities predominantly in the United States and Canada. Its principal wholly owned subsidiaries include Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, Raymond James Financial Services, Inc., member FINRA/SIPC, Raymond James Financial Services Advisors, Inc., Raymond James Ltd., Eagle Asset Management, Inc., and Raymond James Bank, N.A. The Company has 7,200 financial advisors serving approximately 3 million client accounts in more than 2,900 locations. Total client assets are $658 billion. Established in 1962 and public since 1983, the Company has been listed on the New York Stock Exchange since 1986 under the symbol “RJF.” Additional information is available at www.raymondjames.com.
About Raymond James Investment Advisors Division
The Investment Advisors Division (IAD) was established by Raymond James in 2001 to provide comprehensive custodial and support services to independent, fee-based Registered Investment Advisors, portfolio managers, financial planners, trust companies and accountants. Raymond James is uniquely positioned as a full service clearing and custodial firm and has the ability to deliver wealth management services, turnkey technology, custom lending solutions, research, marketing support, investment banking and clearing services to both individuals and institutions.
About FallLine Securities LLC
FallLine Securities LLC, an industry innovator, is the first wealth management platform designed exclusively for independent private wealth advisors who serve ultra-high net worth (UHNW) clients. FallLine is the only UHNW-focused firm that combines a registered broker-dealer, a customized technology, investment solutions and services platform, comprehensive transition services and a network built exclusively for UHNW private wealth advisors. FallLine provides entrepreneurial private wealth advisors with a clear, unified path to their own hybrid RIA. Learn more at www.falllinesec.com