TotalBank Partners with Raymond James for Investment and Wealth Management Services
ST. PETERSBURG, Fla. – John W. Houston, managing director of the Financial Institutions Division of Raymond James, announced that Total Wealth Management, a TotalBank affiliate headquartered in Miami, Florida, has partnered with and will offer investment and wealth management services to its clients through Raymond James Financial Services, Inc.
The investment services team, formerly affiliated with LPL, is led by program manager Joel Palatnik and consists of five financial advisors and three service associates. The team manages roughly $165 million in client assets.
“TotalBank is proud to be partnering with Raymond James, and we are excited about the opportunity to provide our clients with access to a broad array of financial options and resources,” said Luis de la Aguilera, president and CEO of TotalBank. “Raymond James is extremely competitive, thus offering an expanded financial horizon for all our clients. The company offers an impressive depth of services, which will strengthen our capacity and service at all levels.”
“We are pleased TotalBank chose Raymond James as their investment services provider and we look forward to this long and mutually rewarding relationship,” said Houston. “We are committed to providing the depth of support and technology solutions the professionals at Total Wealth Management expect as they can now expand their line of products and service offerings and continue to help their clients pursue their financial goals.”
Through Raymond James, the advisors at Total Wealth Management offer access to an array of financial services, including retirement, business and estate planning; asset allocation; college savings; and socially-responsible investing. The team also offers access to investment products such as mutual funds, ETFs, stocks and bonds, IRAs, and insurance products.
About Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 3,200 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 more than 6,200 financial advisors serving in excess of 2.6 million client accounts in more than 2,600 locations throughout the United States, Canada and overseas. Total client assets are approximately $480 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.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value. Total Wealth Management, TotalBank, and Raymond James are all independent entities.
TotalBank is a leading integrated retail-commercial bank in South Florida with more than $2.6 billion in assets and 20 convenient locations throughout Miami-Dade County. Headquartered in Miami, TotalBank has served the South Florida community for 40 years, offering a broad range of domestic and international financial services to corporations, small businesses and individual consumers. The bank offers superior customer service focused on meeting the financial needs of customers while earning their confidence and loyalty. A member of Grupo Banco Popular Español, with more than $210 billion in assets and 2,100 branches, TotalBank is strengthened by its parent, one of the largest banking groups in Spain. For additional information visit our website at www.totalbank.com. Follow us on Facebook, Twitter, LinkedIn, and YouTube.