Raymond James today announced that a father-son team managing $220 million has exited RBC Capital Markets to join Raymond James Financial Services Inc., the firm’s independent advisor channel, according to a news release.
James “Jim” Domgard and Christopher “CJ” Domgard operate as Capitol Private Wealth and are based in Lincoln, Neb. The firm has a variety of clients including, business owners, endowments and foundations, families, retirees and individuals with sudden wealth. They spent nearly 50 combined years with RBC, the release noted.
“After extensive research, we chose Raymond James for its size, financial strength and stability, which provides our clients with a secure home base for custody of their assets and investments. The firm’s philosophy is also well aligned with our own focus on quality and putting clients first,” Jim Domgard said in a statement.
Jim Domgard began his career in 1983 with Dain Rauscher, where he spent 14 years before moving to RBC in 1998, according to BrokerCheck. CJ Domgard began his career at Securities America in 2009 and joined his father at RBC in 2010.
“Our practice has evolved over the years and this affiliation with Raymond James will provide us with the extensive suite of investment research, financial solutions and cutting-edge technology we need to expand our services and benefit our clients,” he said.
Raymond James Financial Services is a wholly owned subsidiary of Raymond James Financial Inc., which had about 8,700 financial advisors throughout the U.S., Canada and overseas, and a total of $1.25 trillion in client assets.