At a glance
- For KKM clients, the relationship moves from a bank private bank to Raymond James' Alex.
- Credit lines and deposit accounts held at PNC are the pieces of a bank-platform book most likely to stay behind.
- Transition terms were not disclosed.
KKM Wealth Partners, a Washington, D.C., team managing more than $1.5 billion, left PNC Private Bank for Raymond James & Associates' Alex. Brown division, WealthManagement.com reported.
For KKM clients, the relationship moves from a bank private bank to Raymond James' Alex. Brown division. Credit lines and deposit accounts held at PNC are the pieces of a bank-platform book most likely to stay behind.
Transition terms were not disclosed. The team includes Kathleen “K.C.” Koch, a 10-year PNC Private Bank veteran, and moved as a unit.
Reported by the Moves desk from WealthManagement.com. Published . Corrections