May 31, 2018

Raymond James Financial Institutions Division Welcomes Sturdy Financial Services

ST. PETERSBURG, Fla. Raymond James Financial Institutions Division (FID) continues growth with the addition of Sturdy Financial Services (SFS), the retail wealth management program at Sturdy Savings Bank – according to Tim Killgoar, senior vice president and head of FID. Through this new partnership, the advisors at SFS will offer investment and wealth management services to their clients through Raymond James Financial Services, Inc., member FINRA/SIPC.


“We are pleased to welcome the experienced advisors and professionals at Sturdy Financial Services to our Financial Institutions Division,” said Killgoar. “They are an outstanding team whose commitment to their clients and their community remains paramount. We’re proud to partner with their advisors, and we look forward to supporting SFS as they continue to grow the program and expand their services.”


The 11-year old investment program includes three advisors: Chris Shoemaker, AIF®, Vice President and Program Manager at SFS and Private Wealth Advisor; Gregg Reich, AIF®, Private Wealth Advisor; and Nichol Hoff, AIF®, Financial Advisor and Investment Advisor Representative. The team also includes Registered Client Service Associates Jane Vieth and Ashley “Nikki” Moore.


The advisors offer investments, wealth management, income and retirement planning, business owner solutions, life insurance and annuities to clients throughout 14 branch locations. Collectively, the advisors manage approximately $168 million in client assets.


“With similar values and client-centric approaches, we are excited to partner with Raymond James FID,” said Gerald L. Reeves, President and CEO of Sturdy Savings Bank. “We believe partnering with Raymond James, which has a recognizable brand and offers comprehensive support, will help us enhance our offerings and take our program to the next level.”


The advisors were previously affiliated with Cetera for 11 years prior to partnering with Raymond James. Sturdy Financial Services was established in 2006. The Bank was establishedin 1922 in Stone Harbor, New Jersey.


About Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 4,300 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 7,600 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $736 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 Sturdy Savings Bank
Sturdy Savings Bank serves Cape May and Atlantic Counties at 14 branches located in Avalon, Cape May, Cape May Court House, Dennisville, Marmora, North Cape May, North Wildwood, Ocean City, Rio Grande, Somers Point, Stone Harbor, Tuckahoe, and Wildwood Crest. Sturdy Savings Bank, Member FDIC is an Equal Housing Lender. For more information about Sturdy Savings Bank, visit

Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC.  Securities are not insured by any financial institution insurance, the FDIC/NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Sturdy Savings Bank and Sturdy Financial Services are not registered broker/dealers and are independent of Raymond James Financial Services.