Raymond James recruits $16 million father-son team to Financial Institutions Division
ST. PETERSBURG, Fla. – Dan Mallard, national sales manager of the Financial Institutions Division of Raymond James Financial Services, Inc. (RJFS-FID), member FINRA/SIPC, announced that financial advisors John Quello and Nathan Quello, CFP®, have joined the Loft Advisors team at First Dakota National Bank, an existing partner bank with RJFS-FID, in Sioux Falls, S.D.
“We are pleased to welcome John and Nathan to Raymond James,” said Mallard. “They are committed to providing a broad selection of investment and wealth management services to their clients, and we look forward to a long and mutually rewarding partnership with them and First Dakota National Bank.”
The Quellos join Raymond James from UBS Financial Services, Inc., where they had $325 million in assets under administration and had annual fees and commissions of more than $1.6 million.
“We discovered during our due diligence process that what we were really looking for in a firm was one with a more family-oriented, personal feel,” said John Quello. “We wanted to be affiliated with a banking institution and yet be a part of a firm with accessible resources and responsive support. We are excited to offer our clients and prospects the types of products and services offered through Raymond James.”
John is a seasoned financial advisor, having been in the industry for 34 years. His goal is to help his clients build a better future with good financial life planning and investment advice. His son, Nathan, joined him in the financial investing arena in 2000. He works with clients to create tailored financial plans based on their goals. Both are graduates of Concordia College.
First Dakota National Bank was founded in 1872 and holds the first bank charter issued in all of Dakota Territory. It has 16 full-service banking locations in 12 South Dakota cities. In addition, there are six loan production offices in South Dakota and Nebraska.
CFP® | CERTIFIED FINANCIAL PLANNER™ Certified Financial Planner Board of Standards, Inc., owns the certification marks above, which it awards to individuals who successfully complete initial and ongoing certification requirements
About the Financial Institutions Division of RJFS
The Financial Institutions Division (RJFS-FID) was established by Raymond James in 1987 to provide banks and credit unions with brokerage services as an alternative to traditional third-party investment providers. RJFS-FID provides real, 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, RJFS-FID has the ability to deliver investment banking, public finance, research, self-clearing capabilities and wealth management services to both individuals and institutions.
Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 3,200 independent financial advisors nationwide. Beginning in 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 financial services holding company with more than 6,200 affiliated financial advisors serving approximately 2.5 million individual, family and corporate accounts throughout the United States, Canada and overseas. In addition, total client assets are approximately $436 billion.