Raymond James Financial Inc. (NYSE: RJF), a broker-dealer with $790 billion in total client assets, has appointed Larry Adam as chief investment officer of the firm’s private client group.
Adam joins Raymond James from Deutsche Bank, where he held the dual roles of chief investment officer – Americas, and global chief investment strategist for Deutsche Bank Wealth Management.
He worked for Alex Brown & Sons in 1992 and continued with the firm through the 1997 acquisition by Bankers Trust and the subsequent purchase by Deutsche Bank in 1999. Raymond James purchased the business from Deutsche Bank in 2016.
“Raymond James’ advisors appreciate and leverage our award-winning research and thoughtful investment insights when considering market, economic and policy forces on their clients’ investments,” said chairman and CEO Paul Reilly. “Adding Larry’s leadership, impressive background and experience, deep industry knowledge and nuanced investment perspectives delivers on our commitment to provide advisors and clients with the best tools and resources available.”
Adam received a Bachelor of Business Administration degree and a master’s degree in business with a concentration in finance from Loyola University Maryland, where he also serves as an adjunct professor for international finances. He holds chartered financial analyst, certified investment management analyst and certified financial planner designations.
Raymond James Financial is a diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 7,800 financial advisors in 3,100 locations throughout the United States, Canada and overseas