Longtime Edward Jones financial advisor Al Biss joined Raymond James and its independent advisor network as Biss Wealth Partners, based in Anchorage, Alaska, the firm said Tuesday.
Before joining the Raymond James Financial Services (RJFS) independent advisor channel, Biss managed about $325 million in client assets with Edward Jones, where he was an advisor for more than 25 years, according to the Biss Wealth Partners website. He launched his financial services career in 1998.
The advisor is joined at RJFS by Registered Representative Vanessa Carpenter. Together, they provide personalized financial services to clients and specialize in retirement planning, charitable giving, tax efficiency and legacy planning, according to Raymond James.
“Raymond James provides a home for my practice where I can remain independent while leveraging access to its advanced resources,” Biss said in a news release.
“The firm’s robust investment solutions and home office support enable me to engage in even deeper and more holistic financial planning for my clients,” he added.
The Biss team reports to Sanjiv Shukla, Western Assistant Division Director for RJFS.
“Al and his team are a welcome addition to our growing footprint in Alaska,” Shukla said. “His commitment to both his clients and local community are commendable and make for a natural alignment with the firm’s people-centric culture.”
Total client assets at Raymond James were about $1.58 trillion as of Feb. 28, it said.
The firm has other RJFS advisors in Anchorage, as well as a Raymond James & Associates (RJA) employee advisor channel office there that it established in June.
Earlier this month, the firm recruited Tom Kreuzer, with approximately $250 million in assets, to RJA from Morgan Stanley and Joel Mitchell, with approximately $225 million in assets, to RJFS from Edward Jones. In December, it recruited Scott Burnett and Peter Kelson, with over $5 billion in assets, to RJA.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
