Raymond James hires $1.5B PNC Private Bank trio in Washington

Raymond James hired Kenneth Killfoil, Kathleen Koch and Kris Morin, who managed more than $1.5 billion in client assets at PNC Private Bank in Washington, D.C., the firm said Nov. 5.

The team operates as KKM Wealth Partners within the Alex. Brown division. Financial Advisor Magazine first reported the move. Terms of the move were not disclosed.

For bank-based teams managing more than $1.5 billion, Alex. Brown is an active destination in the employee channel. Killfoil, Koch and Morin each hold the title of managing director. Killfoil spent 13 years at PNC and has more than 20 years in financial planning and investment management. Koch spent 10 years at PNC. Morin was a trusts and estates attorney before starting in financial services in 2022. The team serves high-net-worth individuals, multigenerational families, corporate executives, foundations, endowments, nonprofits and business owners.

In late October, Traci Havens and Christopher "Ryan" Haffey, a three-person, $700 million team, moved from Truist Investment Services to Raymond James & Associates. Two days earlier, Ted Krawec and Jordan Krawec, a four-person team with $460 million in client assets, moved from Wells Fargo.

Truist, U.S. Bank and PNC lost four large advisor teams in four weeks. Raymond James also took a four-advisor, $700 million UBS team in Beachwood, Ohio, as Private Wealth Daily previously reported.

Killfoil said Raymond James provides the resources, technology and breadth of capabilities to address client needs while keeping the team's personalized approach.