Raymond James is today announcing the appointment of Edward Hagger as an Investment Manager at Raymond James, CityPoint. Edward is being reunited with former colleagues at the branch, including Harry Burnham, Jonathan Mack, Luke Brampton and James Brooks, all of whom he previously worked with at Brewin Dolphin and JM Finn.
As an Investment Manager, Edward will be responsible for running his own book of clients and assisting his colleagues in growing the business.
After graduating from the University of Oxford, Edward joined stockbrokers Montagu Loebl Stanley & Co in 1985, gaining experience in discretionary portfolio management. He then moved onto the high-net-worth desk following the company’s acquisition by Robert Fleming & Co.
Following two years of further academic study at the University of Cambridge, Edward joined Wise Speke in 1996, which was subsequently acquired by Brewin Dolphin, where, he was a divisional director from 1998. Edward joined JM Finn in March 2016 to manage portfolios for private clients, trusts, charities and self-invested personal pensions (SIPPs).
Raymond James, CityPoint is based in Moorgate and specialises in running client portfolios for high-net-worth individuals around the U.K., directly and through close relationships with IFAs.
On joining Raymond James, Edward says: “I am joining Raymond James because the structure of the company is perfectly designed to enable us to be properly client focused in a friendly and like-minded working environment. I look forward to working alongside trusted colleagues and friends to seek out the best investment opportunities for our clients.”
Harry Burnham, Branch Principal and Investment Manager at Raymond James, CityPoint, said: “Edward and I have worked alongside each other for over 20 years, so I am delighted that he has joined our growing team here at Raymond James, CityPoint. His depth of experience will be a tremendous addition and is part of our expansion programme.”
On Edward’s appointment, Anthony Scott, Head of Business Development at Raymond James, comments: “It’s great to see the Raymond James, CityPoint branch welcome such a familiar and experienced face into their team. Edward’s expertise and client focus will be a fantastic asset to the branch and help them to continue to grow at pace in 2022.”
If you would like to find out more information about how Raymond James supports wealth managers in opening and running their own independent wealth management branches, please click here.
Black MondayOn 19 October 1987, the stock markets experienced a dramatic plunge that prompted many firms to shut down their trading desks and turn off their phones to minimize internal losses. Raymond James refused to do the same. Our desks stayed open to help meet clients’ needs, resulting in our first and only unprofitable quarter since the firm went public in 1983. |
 |
Who was Raymond James?The Raymond in our name is actually from Edward Raymond, owner of a 15-employee mutual fund sales group, Raymond and Associates, along Florida’s west coast. He sold his company to Bob James on 15 July 1964, on condition that the surviving firm be called Raymond, James & Associates. Three days after the sale, Ed Raymond was involved in a near-fatal automobile accident and never joined the firm. Nonetheless, even after Raymond had passed away, Bob James insisted that his name remain on the door – ahead of James’ own. That was a promise he made to Ed Raymond three days before the accident, and Bob James was a man who kept his promises. |
|
Bear Market of 1974The severe bear market of 1974 threatened the existence of Raymond James, which was bleeding capital by the day. Tom James, his father and other leaders took extreme measures to keep the firm afloat, slashing costs, foregoing paychecks and even attempting to sell the firm for just enough capital to protect client assets and retain as many associates as possible. The story could have ended very differently if not for a sharp upturn and continued rebound in the stock markets late in the year. |
|
Taking Raymond James PublicWhen consideration was being given to taking Raymond James public, Tom James penned a letter to shareholders (largely employees at the time). ” … the public offering should be considered as a statement of our independence. While this is a psychological rather than an economic rationale, it is nonetheless very important. We have asserted for some time that we are not interested in becoming a small part of a very large corporation. That assertion results mainly from the inclinations of management rather than the economic benefits associated with either alternative. The public stock offering affords us the opportunity to enjoy a little bit of the best of both worlds. While shareholders will be given liquidity at fair market value, we will still have the ability to control our own destiny.” After 40+ years of Tom’s leadership, upon becoming CEO, Paul Reilly was often questioned about whether the company might ultimately surrender its cherished independence and be acquired by some larger entity. His response: “Not while I’m around.” It’s a theme that continues today. |
 |
