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WEALTH MANAGEMENTRanked by assets under local management Research by Eleanor Snite
2014 Rank
2013 Rank
NameAddressTelephone & fax, website
Assets locally managed
Area employees in wealth management Primary services
Top area wealth management executive Title Email address Affiliate
Years in area
1 1Merrill Lynch 50 N. Laura St., 37th Floor, Jacksonville, 32202 904-634-6000, askmerrill.ml.com
$12.9 billion 163 Wealth management, institutional consulting services, private banking investment group, mortgages
Anthony S. KurlasManaging directorNot provided
Merrill Lynch/Bank of America
82
2 2Morgan Stanley 50 N. Laura St., Suite 2000, Jacksonville, 32202 904-632-0200, morganstanley.com
$5.7 billion 120 Fully integrated wealth management Joseph R. Agee IIIExecutive directorNot provided
Not applicable
42
3 3Raymond James & Associates 245 Riverside Ave., Suite 500, Jacksonville, 32202 904-858-4100 raymondjames.com/jacksonville
$3.9 billion 102 Wealth & asset management, retirement planning, estate planning, stock & bond brokerage, investment banking, banking & trust services
Thomas Galvin Jr.Senior vice president, regional directorNot provided
Not applicable
38
4 NRSawgrass Asset Management Inc. 1579 The Greens Way, Jacksonville Beach, 32250 904-493-5500, saw-grass.com
$3.3 billion 23 Asset management of high quality growth equities & fixed income
Brian MonroePrincipal [email protected]
Not applicable
16
5 5Aitken, Dunn & Associates 510 State Road A1A N., Ponte Vedra Beach, 32082 904-273-3837, pwa.ml.com/aitken
$3 billion 7 Investment solutions, concentrated stock management, banking & lending, estate planning & trust services, philanthropy, family, office & tax
Christopher AitkenGeorge DunnManaging directorsNot provided
Merrill Lynch/Bank of America
100
5 6Ameriprise Financial Services Inc. 6817 Southpoint Parkway, Suite 2404, Jacksonville, 32216 904-296-4132, ameriprise.com
$3 billion 60 All areas of financial planning, investment management, protection planning
Charles R. Kalb Jr.Financial adviser [email protected]
WND 30
7 NRNorthwestern Mutual Jacksonville 245 Riverside Ave., Suite 100, Jacksonville, 32202 904-356-5155 jacksonville.nm.com/
$2.6 billion 20 Financial planning, managed accounts, trust services, private client services
Bill KochManaging partnerNot provided
Not applicable
48
8 4UBS Financial Services 1 Independent Drive, 30th floor, Jacksonville, 32202 904-354-6000 ubs.com
$2.3 billion 54 Financial planning, asset & liability management, estate planning, alternative strategies, corporate & executive services, retirement planning
Dino Ragazzo, Executive director, branch manager Jacksonville & Ponte Vedra BeachNot provided
Not applicable
34
9 7SunTrust Bank, North Florida 76 S. Laura St., 23rd Floor, Jacksonville, 32202 904-632-2649 suntrust.com
$1.9 billion 23 Comprehensive financial planning, asset management, trust & estates, banking, lending, risk management, foundation & endowments
Todd Feintuch, Senior vice president, managing director of wealth management [email protected]
Not applicable
46
10 8Intrepid Capital Management Inc. 1400 Marsh Landing Parkway, Suite 106, Jacksonville Beach, 32250 904-246-3433, intrepidcapitalfunds.com
$1.4 billion 18 Asset management, wealth management, financial planning
Mark TravisPresident, CEONot provided
Not applicable
20
11 NRAXA Advisors LLC 225 Water St., Suite 1235, Jacksonville, 32202 904-353-5611jacksonville.myaxa-advisors.com
$1.2 billion 55 Financial protection, wealth management
Nathan L. MooreExecutive vice president [email protected]
Alliance Bernstein Asset Management Co.
119
12 10Current/Sherman Group 50 N. Laura St., Suite 3700, Jacksonville, 32202 904-634-6174 fa.ml.com/currentshermangroup
$745 million 6 Wealth & asset management, retirement planning, trust & estate services, retirement plans, foundations & endowments, insurance, credit & lending
Dana Robert CurrentWealth management adviser [email protected] Steven J. Sherman, Senior financial adviser, Not provided
Merrill Lynch/Bank of America
24
13 NRWilliam H. Merriam III, 4800 Deer Lake Drive E., Suite 1A, Jacksonville, 32246 904-218-5931, fa.ml.com/bill_merriam
$660 million 5 Fully integrated wealth management William MerriamSenior resident director [email protected]
Merrill Lynch/Bank of America
100
14 11MetLife 7077 Bonneval Road, Suite 550, Jacksonville, 32216 904-332-8830, metlife.com
$582 million 24 Retirement planning, wealth management, estate & tax planning, business owner planning
John T. HoldorfManaging agency sales director [email protected]
Not applicable 54
15 NRPrincipal Financial Group - North Central Florida Business Center 7077 Bonneval Road, Suite 380, Jacksonville, 32216 904-999-3105, principal.com/northcentralflorida
$510 million 20 Retirement, investments, insurance, owner & key employee solutions
G. Rick SandersRegional managing directorNot provided
Not applicable 51
16 NRJeffrey Wyatt & Jason Hyrne Wells Fargo Advisors LLC 1 Independent Drive, 20th Floor, Jacksonville, 32202 904-351-7690wyatthyrne.wfadv.com
$432 million 6 Comprehensive financial planning, fee-based advisory products, estate planning strategies, trust &endowment consulting, private banking
Jason HyrneSenior vice president [email protected] Jeffrey Wyatt, Managing director [email protected]
Wells Fargo 17
17 14The Lighthouse Group at Morgan Stanley 50 State Road A1A N., Suite 112, Ponte Vedra Beach, 32082 904-273-7563 fa.morganstanleyindividual.com/lighthouse/
$400 million 5 Wealth management, probability analysis, retirement planning, college & estate planning, tax minimization
Dennis RosaSenior vice presidentNot provided
Morgan Stanley 15
18 12The Forbes & Thompson Wealth Management Group of Wells Fargo Advisors 1 Independent Drive, Suite 2400, Jacksonville, 32202 904-351-7654 forbesthompson.com
$375 million 5 Integrated wealth management, consolidated investment management, legacy & estate strategies, business succession planning, tax planning strategies, asset protection consulting
Thomas A. Forbes [email protected] John F. [email protected] vice presidents
Wells Fargo 9
19 13BB&T - Branch Banking & Trust Co. 200 W. Forsyth St., Suite 130, Jacksonville, 32202 904-361-5237 bbt.com/bbtdotcom/wealth/start.page
$350 million 12 Financial planning, estate & tax planning, investment management, personal trust services, banking & credit, risk management
Michael (Mike) I. MaguireWealth regional director-North Florida [email protected]
12
20 16The LBA Group 501 Riverside Ave., Suite 800, Jacksonville, 32202 904-396-4015, thelbagroup.com
$302 million 5 Wealth & portfolio management, investment counseling, retirement planning, estate & tax planning
David AlbanezeChief investment adviser [email protected]
WND 15
21 19Ullmann Financial 5000 Sawgrass Village Circle, Suite 25, Ponte Vedra Beach, 32082 904-280-3700, ullmannfinancial.com
$265 million 4 Comprehensive financial planning, asset management & divorce planning
Deanna Brown, [email protected] Ullmann, [email protected], Partners
WND 12
22 23Retirement Strategies9471 Baymeadows Road, Suite 303, Jacksonville, 32256 904-730-3863, retirementstrategies.net
$260 million 13 Financial planning, investment management, income & estate tax strategies, insurance advice
William S. HartPartner, presidentNot provided
WND 21
23 18Dixon Hughes Goodman Wealth Advisors 245 Riverside Ave., Suite 410A, Jacksonville, 32202 904-296-2140, dhgwealthadvisors.com
$256 million 2 Comprehensive investment, insurance & tax planning advice
Bill LairdFinancial adviser [email protected]
16
24 17Waddell & Reed 9995 Gate Parkway N., Suite 250, Jacksonville, 32246 904-448-2743, waddell.com
$250 million 6 Managed accounts, mutual funds, securities, insurance, financial planning
James DocsterFinancial adviserNot provided
None 34
25 15Legacy Trust Family Wealth Offices 822 State Road A1A N., Suite 101, Ponte Vedra Beach, 32082 904-280-9100, legacytrustcompany.com
$235 million 14 Wealth management, generational family wealth planning
Kristin D. McLauchlanCEO, chairman [email protected]
None 12
Abbreviations: WND = Would not discloseSource: Company representativesInformation current as of February 2014
It is not the intent of this list to endorse participants or imply that a listing indicates quality. Every attempt is made to ensure the accuracy and thoroughness of this list. Corrections or additions may be sent to [email protected]. BOOK OF LISTS ON DISK (800) 486-3289 or www.bizjournals.com/commerce/
Reprinted with the permission of The Business Journal
BusinessJournalBusinessJournalJACKSONVILLE
FEB. 14-20, 2014 jacksonvillebusinessjournal.com ■ THE BUSINESS JOURNAL 1
How two local teams got togetherPAGE 4
the path to wealth management
LIST OF WEALTH MANAGERSPAGE 8
Feb. 14-20, 2014
Wealth ManagersPremier Jacksonville’s
ListTHE
$20
$25
$30
The total assets managed locally by the top five wealth management firms on the list grew 5 percent in the past year.
SOURCE: Company representatives
UP AND UP■
20132011 2012
$26Bi
llion
s
$27.4
$28.8