Raymond James has opened a new branch in Fulham, London, led by branch principals and business partners Dasha Plotnikova and Max Scholey who are local to the area.
The new branch, which goes by the name ‘Raymond James, Fulham’, will offer bespoke investment services across south-west London, while also servicing clients across the country.
Together they will provide discretionary investment management services, their flagship offering. Clients will also benefit from complimentary cash flow planning. Dasha and Max believe that their solution is ideally suited to those who lack the time or the expertise to manage their own investments and who are looking for peace of mind that their portfolio is looked after by professionals.
Both Dasha and Max are Chartered Financial Analysts with a deep interest in the markets and a passion for developing long-lasting client relationships.
Dasha started her financial career at Killik, working within the Research team. She supported the desk with managing discretionary fund-based and direct equity portfolios. Wanting greater interaction with clients, Dasha later became an Investment Manager, managing and advising on portfolios of individual shares, funds and bonds.
Max began his career at Killik in 2013 as a Branch Assistant, wanting to pursue a career in financial services which involved helping people and building trusting relationships. Approaching 10 years of experience in a client-facing role, Max has extensive knowledge and experience in dealing with private clients, and combines his interest in investment analysis with his love for helping people achieve their goals.
On joining Raymond James, Dasha said: “Raymond James gives us the perfect middle ground of being able to run our own practice while having the support of the Raymond James network. Within our own branch, we can focus on doing what we do best – building strong client relationships and managing investment portfolios.”
Max said: “More and more wealth management companies are moving down the centralised model route. We feel that each client deserves a bespoke portfolio built around them. Partnering with Raymond James allows us the freedom to think about what is best for each client and manage their investments accordingly. Clients will have the security of a big firm and the personalised service of a boutique.”
Jason Cherriman, Senior Business Development Manager at Raymond James said: “Dasha and Max are two incredibly talented, smart and forward-thinking wealth managers. They recognise the importance private clients place on the relationship they have with their trusted Wealth Manager. We welcome them to Raymond James, given our aligned values of placing clients first, independence and integrity, and look forward to helping both of them achieve their strategic aims and supporting them with their clients over the coming years.”
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. |
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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. |
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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. |
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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. |
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