October 30, 2019

Raymond James welcomes $240 million advisor team in Des Moines, Iowa

ST. PETERSBURG, Fla. – Raymond James welcomed Kevin Bannister, Mark Raney, Nevin Cavanaugh and Hobie Bannister to Raymond James & Associates (RJA) – the firm’s advisor broker/dealer – in Des Moines, Iowa, according to John Kuklenski, Northern division director for RJA.

The advisors join RJA from RBC Wealth Management where they previously managed $240 million in client assets. Joining them is Aimee Holmes, senior registered client service associate. Together, they operate as Bannister, Raney, Cavanaugh (BRC) Wealth Group of Raymond James.

“After our extensive due diligence process, we realized that the emphasis on the client-advisor relationship at Raymond James is unlike any other,” said Cavanaugh. “The firm really values putting the clients first while also giving the advisors the support and tools to guide that relationship.”

Nevin Cavanaugh, vice president of wealth management at BRC Wealth Group, has been a financial professional for 20 years, beginning his career with Merrill Lynch, and later UBS Financial Services. He holds a Bachelor of Arts from Wartburg College. An active member of his community, Cavanaugh is a parishioner of St. Francis of Assisi Church and School and is an avid supporter of charities such as United Way and FOCUS.

“As we conducted our research while searching for firms, we determined that Raymond James has the strongest technology offerings, especially in terms of financial planning and goal planning and monitoring for our clients,” said Bannister. “The technological focus and investment in these capabilities coupled with the strong advisor-client relationship were a huge part of our decision to make the switch.”

Kevin Bannister, vice president of wealth management at BRC Wealth Group, has been in the industry for 23 years. A graduate of the University of Iowa, Bannister holds a Bachelor of Arts in finance and a minor in economics with an emphasis on accounting. Outside of the office, he is involved with a number of organizations, including the Leukemia & Lymphoma Society, the Variety Club of Iowa, the American Red Cross, United Way of Iowa and the Boy Scouts of Iowa. He has also served on the Orchard Place Foundation board since 2015.

“The opportunities for our clients are extensive with Raymond James,” said Raney. “With the new capabilities we have using Raymond James technology for financial planning and research, we can adhere to the client-first culture at the firm by providing them excellent opportunities in wealth management.”

Mark Raney, vice president of wealth management at BRC Wealth Group, has been in financial services for 28 years, working with UBS Financial Services and later RBC Wealth Management. Raney graduated from South Dakota State University where he earned his Bachelor of Science in business. Additionally, Mark received his Master of Business Administration from Iowa State University. In his spare time, Raney has serves as a housing association board member, coaches his children’s sports teams, and volunteers with Youth Emergency Services & Shelter.

“After my time in the industry, I have witnessed many different cultures but Raymond James felt the most comfortable to our team,” said Hobie Bannister. “Joining the firm was almost like coming home, as we were able to find a culture that aligns with ours while supporting our practice. The firm prides itself on taking care of the advisor while also allowing the advisor the flexibility and independence to decide what is best for their clients.”

Hobie, senior investment portfolio analyst at BRC Wealth Group, has an impressive 45 years of experience in wealth management. A graduate of Parsons College, he holds a bachelor’s degree in business administration. He has been involved with a number of charities over the years and enjoys spending time with his grandchildren, reading, golfing and traveling.

Holmes, senior registered client service associate, joined BRC in 1999. Holding the Series 7 and 66 licenses, Holmes provides informed assistance with client orders. She enjoys spending time with her family, reading and watching sports.

“BRC Wealth Group is an excellent addition to the firm,” said Kuklenski. “We are excited to support them and pleased that they found the culture, support and technology offerings at the firm best for their team and clients as they grow their practice.”

About Raymond James & Associates
Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, which has built a national reputation for more than 57 years as a leader in financial planning for individuals, corporations and municipalities, is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a leading diversified financial services company with approximately 8,000 financial advisors throughout the United States, Canada and overseas. Total client assets are $838 billion. Additional information is available at