Raymond James has added a father-son advisor team from Wells Fargo that managed more than $460 million in client assets, part of a wave of moves that also saw LPL Financial recruit a $160 million Edward Jones practice in Alabama and William Blair establish a Dallas wealth office with a team from UBS.
The Krawec team, led by Ted Krawec and his son Jordan Krawec, has joined Raymond James & Associates (RJA), the firm's employee advisor channel. They will operate as Krawec Wealth Management of Raymond James in Westlake, Ohio, focusing on business owners, corporate executives, and retirees. Ted Krawec, a managing director, spent 21 years at his previous firm and has nearly four decades in the industry. Jordan Krawec, a first vice president of investments, was at his prior firm for seven years and holds a finance degree from Miami University. Senior registered client associate Natalie Sutcliffe and financial advisor trainee Ethan Veselic also moved with the team. Amy Smart, Mid-American regional director for RJA, confirmed the hire.
“Raymond James offers the back-office support, technology and planning resources to enhance that work while keeping highly personal, multigenerational relationships at the center,” Ted Krawec said in a statement. The addition ends a roughly month-long lull in RJA recruitment announcements, following the September hire of a $1.25 billion team from D.M. Kelly & Company in Iowa.
In Alabama, Matt Griggs has moved his practice, Griggs Investment Group, from Edward Jones to LPL Financial's broker-dealer and RIA platforms. Based in Eufaula, he reported serving about $160 million in advisory, brokerage, and retirement plan assets. Griggs had been registered as an investment advisor and broker at Edward Jones for roughly three years, according to FINRA BrokerCheck records. His clients include agricultural families and government employees managing workplace retirement plan distributions. Client service associate Cheryl Pitts is joining him at LPL. Griggs cited greater control over his practice and pricing as reasons for the switch. “This move is about having the freedom to build a better business for my clients,” he said.
LPL has also been active on the leadership front, recently naming veteran Ken Hullings as head of recruiting. In its third-quarter earnings call, LPL reported $24 billion in recruited assets for the period ended September 30, slightly below the $25 billion logged in the second quarter. The firm continues to see steady advisor recruitment across the independent channel.
William Blair Private Wealth Management has opened a Dallas office with a four-person team from UBS Private Wealth Management. Managing directors and wealth advisors Ryan Berube and Allen Abney lead the group, which advises high-net-worth and ultra-high-net-worth families, corporate executives, entrepreneurs, family offices, and foundations. The team reported $2.1 billion in assets under custody, with typical client relationships ranging from $5 million to $25 million in net worth. Berube has more than 30 years in the business, having led teams at UBS, Credit Suisse, U.S. Trust, and J.P. Morgan. He is also an Olympic gold medalist, having anchored the U.S. 4x200-meter freestyle relay at the 1996 Atlanta Games. Abney brings nearly 20 years in financial services, previously at UBS and Credit Suisse, and earlier served as a White House spokesperson in the George W. Bush administration.
“William Blair’s independent, employee-owned partnership and focus on enduring client relationships align closely with how we have built our practice,” Berube said. The move is part of a broader trend of advisors leaving UBS. According to a report by Diamond Consultants, UBS lost 270 advisors in the first half of 2026. However, the report noted that UBS appears to be moving toward “operating a smaller, leaner US wealth management business,” which may mitigate the impact of advisor departures. “Recent financial results may suggest that strategy is working from the corporate perspective,” the report said. “What benefits the firm economically in the near term may not always align perfectly with what individual advisors value from their platform.”
These moves reflect ongoing competition for experienced advisors across channels. For more on recent team transitions, see Raymond James' $700M Truist team and LPL, Raymond James, RBC recruit $1.6B. Also, Ameriprise, Wells Fargo, Raymond James, Cetera recruit $2.4B shows the scale of recent moves.
