Raymond James to grow division

ST. PETERSBURG — Raymond James Financial named Bill Van Law president of its registered investment advisers division.

The financial services firm says Van Law will expand the company's registered investment adviser custodial business, which now totals about 100 investment firms and $7 billion in assets.

“Given the industry trend of advisers seeking more choice in how they serve their clients and manage their practice, we see expanding our RIA business as a strategic imperative and in alignment with the firm's growth strategy,” says Chet Helck, CEO of Raymond James' Global Client Group.