Raymond James has named the former head of wealth planning and personal trust at Fidelity Investments senior vice president of private wealth, the firm says.
Kevin Ruth also previously oversaw the creation of private wealth programs at Merrill Lynch and UBS over his more than 25-year career, according to Raymond James. He joins the firm at its headquarters in St. Petersburg, Florida.
That experience was a big draw, according to Private Client Group president Scott Curtis.
“Kevin’s combination of significant expertise and service-oriented approach will be a great addition to Raymond James,” Curtis said in a statement. “Under his leadership, we will continue enhancing our private wealth capabilities to address the evolving needs and expectations of advisors’ more sophisticated client relationships.”
The new SVP will head initiatives designed to improve the delivery of private wealth solutions for advisors and high-net-worth clients, the firm says. That includes estate planning, charitable giving, generational wealth management, custom investment management and risk mitigation strategies.
Ruth will report to Private Client Group chief operating officer Kim Jenson, Raymond James says. Ruth will lead initiatives to build on and enhance the delivery of the private wealth solutions available to Raymond James advisors and their high-net-worth clients.
Outside Raymond James, Ruth served in the U.S. Army and is the current chair of the Certified Financial Planner Board‘s Standards Resource Commission. He also previously developed an app called Give-Get, which provides financial education to high school students in under-served communities, according to the firm.
Do you have a news tip you’d like to share with FA-IQ? Email us at firstname.lastname@example.org.