The Financial Institutions Division of Raymond James Financial Services has lured a father-and-son advisory team away from UBS Financial Services to First Dakota National Bank, a Raymond James partner bank based in Sioux Falls, S.D.
John Quello and his son, Nathan, joined the banks Loft Advisors team. They had $325 million in assets under administration and produced more than $1.6 million in annual fees and commissions at UBS, according to Raymond James.
We discovered during our due diligence process that what we were really looking for in a firm was one with a more family-oriented, personal feel, John Quello said in a statement. We wanted to be affiliated with a banking institution and yet be a part of a firm with accessible resources and responsive support.
John Quello has been in the industry for 34 years. His son joined him in the business in 2000, according to Raymond James.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access