Raymond James Strengthens Financial Advisory Services
Raymond James is on a mission to enhance its support for financial advisors, making significant changes aimed at improving the resources and strategies available to them. The firm recently announced key leadership appointments to further this goal, underscoring its commitment to providing a top-tier platform for advisors and their clients.
Doug Brigman Takes the Lead in Asset Management Services
Starting October 1, 2025, Doug Brigman will take over as president of Asset Management Services (AMS), succeeding Erik Fruland as he prepares for retirement after an impressive tenure of over 34 years with Raymond James. Brigman’s extensive experience will be pivotal in leading the firm’s fee-based platform. His focus will be on investment solution strategies, providing exceptional consultation, and ensuring high service standards for financial advisors.
Brigman has been an integral part of the Raymond James team since 2008, currently serving as the chief administrative officer where he leads AMS’s research, consulting, and administrative teams. His leadership history includes roles such as president of the Raymond James Insurance Group and head of Fiduciary Services, enriching his qualifications to take on this new challenge. Brigman, a CERTIFIED FINANCIAL PLANNER® professional, also possesses an MBA from the University of Virginia Darden School of Business, equipping him with the expertise to drive forward the firm's vision.
Commitment to Advisor Success
With Brigman at the helm, the AMS team is set to flourish under his guidance. Scott Curtis, chief operating officer of Raymond James Financial, expressed confidence in Brigman’s ability to lead the team toward future success, saying, "Doug is an ideal fit to continue advancing the wide range of advisory resources and solutions available to advisors." Brigman is enthusiastic about his new role, stating his desire to leverage his experience to foster collaboration across various business units and bolster advisors' growth.
Michelle Lynch Appointed to Practice Management Role
In addition to Brigman's appointment, Raymond James has also brought Michelle Lynch on board as the senior vice president of Practice Management and Growth Consulting, effective May 5, 2025. This role is designed to elevate the level of support available for financial advisors throughout their entire business lifecycle, from initial establishment to succession planning.
Lynch, who has been a part of the Raymond James family since 2004, has successfully managed various teams, most recently serving as the Tampa Bay complex manager overseeing almost 20 branches. Her depth of experience includes roles as a director of marketing and vice president of PCG sales, showcasing her strong leadership capabilities. Lynch holds an MBA from Emory University’s Goizueta Business School, complementing her practical expertise with academic prowess.
Adapting to Advisor Needs
“One of the most important value propositions we offer current and prospective advisors is our singular focus on helping them build and grow their unique businesses according to their needs and those of their clients,” Lynch mentioned. Her commitment to leveraging experience to support advisors in achieving their practice goals reflects the firm’s dedication to helping its partners succeed.
Focus on Comprehensive Support for Financial Advisors
Raymond James's Asset Management Services plays a vital role in providing knowledgeable, professionally managed portfolio options tailored to individual and institutional investors. This includes a range of strategies and risk profiles. The research teams diligently conduct due diligence on a variety of investment vehicles such as mutual funds and exchange-traded funds, enabling advisors to make well-informed choices regarding manager selection, asset allocation, and portfolio construction.
Tash Elwyn, president of the Private Client Group, commended both Brigman and Lynch for their exemplary leadership. He noted that their rich insights and relationships would act as catalysts for growth, enhancing the support platforms available to advisors.
About Raymond James Financial
Raymond James Financial, Inc. (NYSE: RJF) stands as a leader in the financial services sector, offering a diverse range of services including private client group, capital markets, asset management, and banking. With total client assets reaching an impressive $1.58 trillion, Raymond James has established itself as a cornerstone of financial advisory services since going public in 1983. For more details about their offerings, visit the firm's website at www.raymondjames.com.
Frequently Asked Questions
What prompted Raymond James to announce these leadership changes?
The leadership changes are part of Raymond James's initiative to bolster its support for financial advisors by enhancing resources and strategic guidance.
When will Doug Brigman officially take over as president of AMS?
Doug Brigman will take over as president of Asset Management Services starting October 1, 2025.
What is Michelle Lynch’s new role at Raymond James?
Michelle Lynch has been appointed as senior vice president of Practice Management and Growth Consulting, focusing on supporting financial advisors throughout their business lifecycle.
How does Raymond James support financial advisors?
Raymond James offers a platform with various resources including managed portfolios, investment solutions, and consulting services to empower financial advisors in their practice.
What is the significance of these appointments for Raymond James?
These appointments signify Raymond James's commitment to enhancing its financial advisory services and ensuring robust growth for its advisor partners.
