ST. PETERSBURG, Fla. – Tom Walrond has been appointed chief operating officer and senior vice president of Raymond James & Associates (RJA) Private Client Group, the employee broker/dealer subsidiary of Raymond James Financial (NYSE-RJF), according to RJA PCG President Tash Elwyn.
“Tom’s appointment to COO, where he will focus on providing sales management and operational support for our entire team of branch managers, financial advisors and branch support associates, demonstrates our commitment to deliver superior levels of service to our advisors and their clients,” said Elwyn.
Walrond began his financial services career in 1988 and spent eight years as a financial advisor at Wheat First Butcher Singer in Philadelphia. He joined Raymond James in 1998 as a branch manager, attracted by the firm’s client-centered philosophy and culture of independence. Eight years later, he was promoted to manager of the North Atlantic complex and following the firm’s 2012 acquisition of Morgan Keegan, was promoted to North Atlantic regional director, overseeing 35 branches and 133 advisors.
Walrond attended the Securities Industry Institute at Wharton from 1999 to 2001 and Harvard University’s “Authentic Leadership Development Program” in 2011. He was perennially ranked as one of the best branch managers in the country by On Wall Street magazine and in 2011, was among the Top 10. Also that year, Walrond was the RJA complex manager of the year. He graduated from Drexel University with a bachelor’s degree in business administration. He and his family will relocate to St. Petersburg from Philadelphia.
In addition, Tom Galvin has been promoted to North Atlantic regional director and senior vice president to fill Tom Walrond’s former role. His responsibilities will encompass continued support of the Coastal region within RJA’s Eastern division, which includes Florida and several northeastern states.
Galvin has spent his entire career with Raymond James, joining the company as an intern in 1997 and becoming a trainee financial advisor in 1998. After graduating at the top of his advisor training class, he worked in the Florida division and took over the Jacksonville branch office in 2001. He was promoted to complex manager in 2006 and built the Southern Coastal complex into one of the top complexes in the company. He was promoted to regional director in the spring of 2012.
Galvin attended the Wharton Securities Industry Institute from 2007 to 2009, was a member of the RJA Executive Council from 2008 to 2010 and received branch manager and complex manager of the year awards in 2006 and 2010. He earned a bachelor’s degree in finance and economics from the University of Texas El Paso. He and his family will relocate to St. Petersburg from Jacksonville.
“Both Tom Walrond and Tom Galvin bring experience as financial advisors and branch management at all levels to our leadership team, further strengthening our organization and helping us continue to grow through attracting and retaining the industry’s best financial advisors,” continued Elwyn. “That’s foundational to our vision of being the premier alternative to Wall Street.”
These appointments were effective March 10, 2014.
Raymond James & Associates Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, which has built a national reputation for more than 50 years as a leader in financial planning for individuals, corporations and municipalities, is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company. Through its three broker/dealer subsidiaries, Raymond James Financial has more than 6,200 financial advisors serving approximately 2.5 million accounts in more than 2,500 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $441 billion.