Director and client advisor James D. Sheehan, CFP®, CPWA®, has joined Alex. Brown, a division of Raymond James, in the firm’s Park Avenue office in Midtown Manhattan, according to John Sutton, regional executive for Alex. Brown.
“I am thrilled to welcome James to Alex. Brown,” said Sutton. “His sophisticated, client-focused practice is an ideal fit for our firm. I know he will be a terrific addition to the Park Avenue office as we continue to grow Alex. Brown and I look forward to working with James.”
Sheehan came to Alex. Brown | Raymond James from UBS where he managed $327 million in client assets and generated more than $1.1 million in annual fees and commissions. He is joined by sales associate James K. Cestone, and together they operate as The Sheehan Wealth Management Group. A focus of their high net worth practice is serving corporate executives in the oil and gas industries.
“I had been exploring other firms for some time,” said Sheehan, “ and I had four primary requirements of any new firm: first, it had to be client-centric and put the interests of its clients first because, as advisors, we only exist because of our clients – so that was nonnegotiable. Second, the firm had to be financially stable, and Raymond James had proven its strength, from even before the financial crisis. Third, the firm’s cultural values had to fit with mine. As a former active Marine I recognize my life’s purpose is to serve others, and so I wanted a firm that understood that service-first culture. And finally, the technology needed to be user-friendly for my clients, and, frankly, I have been blown away by how great the technology is here at Alex. Brown and how easy it is to use. To date, Alex. Brown | Raymond James has met all my needs, and then some.”
Sheehan began his financial services career in 1997 with Merrill Lynch and joined UBS in 1999 where he held roles as a financial advisor, branch manager, divisional training officer and sales manager. He is a Certified Financial Planner™ professional and a Certified Private Wealth Advisor®. A graduate of Fordham University, he has a bachelor’s degree in economics.
“Being able to attract someone to join our Midtown office with James’ experience and proven track record is important,” said Haig Ariyan, president of Alex. Brown. “He obviously appreciates how the Alex. Brown legacy, enhanced by Raymond James’ reputation and resources, becomes an unbeatable value proposition for high net worth clients seeking financial advice in this market.”
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Certified Private Wealth Advisor® is an advanced credential created specifically for wealth managers who work with high-net-worth individuals, focusing on the life cycle of wealth: accumulation, preservation, and distribution. Candidates who earn the certification understand how to develop specific strategies to minimize taxes, monetize and protect assets, maximize growth, and transfer wealth. Investment Management Consultants Association ® (IMCA ®) is the owner of the certification marks “CPWA ®” and “Certified Private Wealth Advisor ®”. Use of the CPWA ® or Certified Private Wealth Advisor ® signifies that the user has successfully completed IMCA's initial and ongoing credentialing requirements for wealth advisors.
About Alex. Brown, a division of Raymond James
Alex. Brown, a division of Raymond James, was originally founded in 1800, becoming the nation’s first investment bank. Alex. Brown advisors offer financial planning and wealth management services for high-net-worth individuals and institutions. The division’s broker/dealer of record is Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a leading diversified financial services company with approximately 7,300 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are approximately $704 billion. Additional information is available at www.Alex-Brown.com.