World Investment Advisors, the Santa Barbara California firm formerly known as Pensionmark, has announced a new custodial relationship with Raymond James Financial.
“We are excited about our new relationship with Raymond James and the additional resources it allows us to bring our advisors,” said Troy Hammond, CEO of World Investment Advisors. “We are focused on enabling advisors to manage their businesses their way, optimize operations, and recapture time spent on tasks they can delegate to us, ultimately allowing them to spend more time growing assets and building personalized relationships with their clients.”
Hammond believes that offering advisors an additional custodial option with a high level of service and support will enhance the World’s wealth management platform. Leveraging the integrated system, World RIA advisors will now have access to most of the offerings available to Raymond James independent contractor advisors and employee advisors.
Hammond added, “It is a unique and quite appealing partnership for two reasons – World brings the RIA ‘flexible-experience’ environment many advisors are looking for, while RJ brings a ‘comfortable’ custodian experience ideal for advisors currently with larger wirehouse, regional and independent broker-dealers. It’s a win-win for everyone.”
The partnership between the two firms comes closely on the heels of World’s acquisition of Boston Harbor Wealth Advisors, a $3.5 billion, 10-year Raymond James partner firm.
