Bill Van Law is suddenly out the door at Raymond James
The decision came after a planeload of St. Petersburg associates and their families -- and some of their pets -- were deployed to the firm's Memphis office
2 min readBill Van Law's last day at the independent advisor division of Raymond James will be April 2.
That unexpected news was released from Raymond James Financial Inc.'s St. Petersburg, Fla. HQ Tuesday. Bill Van Law's exit from Raymond James was preceded by 'administrative leave' and HR investigation, sources say
“Bill has been a strong advocate for Raymond James and our clients during his 15-year tenure with the firm,” wrote chairman and CEO Paul Reilly, in the statement.
After 'disturbing' RIA losses at Raymond James, Bill Van Law is going on offense -- starting with hires of veteran LPL and Fidelity execs
In September, Van Law and other Ray Jay execs -- indeed the whole firm -- seemed a model of unity as Hurricane Irma made a last-minute course correction and seemed to make directly for the firm's headquarters on Florida's West Coast. A decision was taken to deploy a planeload of St. Petersburg associates and their families -- and some of their pets -- to the firm's Memphis office. See: In calm after storm Raymond James showcases three RIA tipping points at RIA confab -- and two of them are good.
A month later, at Raymond James investment advisor conference, Van Law seemed to have only good news to share about his division, including a 70% increase in the number of firms who partnered with IAD and a 36% increase in assets under management.
Story Timeline
Van Law came to Raymond James in 2003 as executive director of its Advisor Select division, rising to SVP director of Mid Sates division and then SVP national director of business development before ascending to his most recent post of president, IAD, in 2012, charged with turning around the flagging unit. See: After 'disturbing' RIA losses at Raymond James, Bill Van Law is going on offense -- starting with hires of veteran LPL and Fidelity execs.
In calm after storm Raymond James showcases three RIA tipping points at RIA confab -- and two of them are good
Earlier this week, we reported on the expansion of the IAD Western division's recruiting team. See: After the gold rush: RayJay advisor unit builds on Western gains with two recruiting hires.
In the statement, Van Law offers time-honored explanations accompanying a sudden career move.
“It’s been a privilege to work within Raymond James’ unique, client-first culture since joining in 2003,” he said. “I am looking forward to time with my family before pursuing the next chapter in my life and career.”
The firm says it has begun a search has begun a search process for Van Law’s replacement.
The news was first reported by AdvisorHub.
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