Raymond James Financial Institutions Division welcomes new program, team of 27
ST. PETERSBURG, Fla. – Raymond James Financial Institutions Division (FID) welcomed the advisors and professionals of Tennessee-based FirstBank’s investment program to FID – according to Tim Killgoar, senior vice president and FID national director. Through this new partnership, the 17 advisors, eight support associates and two program managers, previously affiliated with LPL, will offer investment and wealth management services to their clients through Raymond James Financial Services, Inc., member FINRA/SIPC.
In August 2020, FB Financial Corporation, the parent company of FirstBank, completed its merger with Franklin Financial Network, Inc., the parent company of Franklin Synergy Bank. As a result of the merger, FirstBank’s advisors and professionals will now join their colleagues at Franklin Synergy in partnering with Raymond James. Franklin Synergy Bank has been aligned with Raymond James FID since 2004. Headed by Tripp Thompson, president of FirstBank Investment Partners, the combined investment program includes 22 advisors, 10 support staff and a branch manager, managing a combined $1.2 billion in client assets.
“We are excited to continue our valuable partnership with the advisors and professionals from Franklin Synergy Bank, and to begin our new alignment with the team at FirstBank, as the two programs build their new legacy together as FirstBank Investment Partners,” said Killgoar. “We are proud they found Raymond James’ sophisticated technology and high-touch support to best fit their needs, and that they chose Raymond James FID as the optimal partner in delivering wealth management services to clients. We look forward to working with FirstBank Investment Partners as they continue to serve clients and grow their program.”
“The FirstBank Investment Partners team has always been dedicated to helping our customers make sound, strategic financial decisions and build a better future,” said Thompson. “The partnership with Raymond James FID will allow us to continue bringing a high level of service to our investment customers.”
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 Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting 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 8,200 financial advisors throughout the United States, Canada and overseas. Total client assets are $993 billion.
About FB Financial Corporation
FB Financial Corporation (NYSE: FBK) is a bank holding company headquartered in Nashville, Tennessee. FB Financial operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered bank, with 87 full-service bank branches across Tennessee, South Central Kentucky, North Alabama and North Georgia and a national mortgage business with offices across the Southeast. FirstBank serves five of the largest metropolitan markets in Tennessee and has approximately $11.0 billion in assets.