$990M UBS Team Jumps to Raymond James

By Janet Levaux

News October 15, 2019 at 04:23 PM

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Raymond James grabbed a UBS team with four advisors, $990 million in client assets under management and $1.6 billion in assets under advisement.

The group includes Arun Sardana, Adam Proger, Paul Grambsch and Reilly Loflin, who joined the employee channel in Bethesda, Maryland. They do business as SPG Fiduciary Partners of Raymond James, which is a part of the Chesapeake Complex.

"In order to provide prudent investment advice to sophisticated institutional clients like the nonprofit organizations we serve as an acknowledged fiduciary in writing, we needed flexibility, independence, complete transparency and enhanced resources," according to Sardana. "Raymond James was the only organization that gave us this platform."

Sardana has 25 years of industry experience and earlier was one of about 28 senior institutional consultants in the UBS Institutional Consulting Group, which he joined in 2008. Proger has roughly 14 years of work in the business and was a member of the UBS Institutional Consulting Advisory Council.

Grambsch started his career as a trader at the Minneapolis Grain Exchange and was an advisor with UBS since 2006. Loflin was part of the Institutional Consulting team at UBS since 2014.

Sardana, Proger and Loflin are certified investment management analysts; Proger and Loflin also are chartered financial analysts.

"The entire SPG Fiduciary Partners of Raymond James group is a wonderful addition to the firm," Tom Walrond, Eastern division director for RJA, said in a statement. "They are an outstanding team with decades of industry experience, and provide seamless fiduciary financial leadership to foundations, associations and ultra-high-net-worth families."

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