August 25, 2014

Raymond James welcomes 11 advisors to its Financial Institutions Division

ST. PETERSBURG, Fla. – Raymond James welcomed 11 veteran financial advisors to its Financial Institutions Division as part of affiliated Union First Market Bank’s acquisition of StellarOne Bank in Richmond, Virginia. Union First Market completed the integration of StellarOne Bank in May 2014, including its investment program, for which Cetera had been the Third Party Marketer. Union Investment Services, Inc. (UISI), a non-bank affiliate of Union Bankshares Corporation, has partnered with Raymond James since 1998. Securities are offered through Raymond James Financial Services, Inc., member FINRA/SIPC.

“We are pleased to welcome these experienced financial advisors to Raymond James as we continue our longstanding and rewarding partnership with Union,” said John Houston, managing director of the Financial Institutions Division. “We look forward to continuing to provide the support and resources the advisors at Union Investment Services, Inc. have come to depend upon, as they further enhance and grow their investment program with the addition of these 11 advisors from StellarOne.”

Financial advisors now affiliated with UISI in Virginia who are joining Raymond James are:

  • Chris Rinehart, Christiansburg
  • Mike Whitmore, Christiansburg
  • Bo Hotchkiss, Staunton
  • Jennifer Spencer, Staunton
  • Dan Sharon, Fredericksburg
  • Sam Hodges, Bedford
  • Andrew Lilly, Waynesboro
  • Paul Perkins,  Culpeper
  • Susan Rogers, Charlottesville
  • Henry “Jay” Sage, Roanoke
  • Rhonda Frazier, Pearisburg

“We are very excited to add these talented financial advisors to our UISI team. Their solution-oriented approach, commitment to their communities and high degree of service-mindedness will serve our clients very well,” said Bob Martin, director of Wealth Management at Union.

Union First Market Bank is the largest community bank headquartered in Virginia; operating 131 branches and 200 ATMs. Raymond James financial advisors located at Union Investment Services, Inc. make various investment solutions and financial planning available to bank customers and residents of the community. The investment program currently manages $960 million in assets.

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.

About Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 3,200 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 6,200 financial advisors serving in excess of 2.5 million client accounts in approximately 2,500 locations throughout the United States, Canada and overseas. Total client assets are approximately $473 billion.

About the Financial Institutions Division of Raymond James Financial Services
The Financial Institutions Division 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. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to successfully 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. Raymond James Financial Services, Inc., member FINRA/SIPC.

About Union Bankshares Corporation
Headquartered in Richmond, Virginia, Union Bankshares Corporation (NASDAQ: UBSH), formerly Union First Market Bankshares Corporation, is the holding company for Union First Market Bank, which has 131 branches and more than 200 ATMs throughout Virginia. Non-bank affiliates of the holding company include: Union Investment Services, Inc., which provides full brokerage services; Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products. Additional information on the company is available at http://investors.bankatunion.com.