How a top Raymond James Wealth executive gives back and relaxes

As chairman of the Raymond James Private Client Group, Scott Curtis leads the company’s national wealth management business, which includes more than 8,000 employees and independent financial advisers and generates over 70% of the company’s overall revenue. company.

Curtis is based in the Tampa Bay, Florida area and has been with Raymond James since February 2003. Prior to his current role, he was President of Raymond James Financial Services, leading the company’s independent advisory activities.

From 2006 to 2012, he was Senior Vice President of Raymond James & Associates Private Wealth Group, where he was responsible for leading initiatives focused on revenue growth, efficiency improvement, business development. products, risk mitigation and service improvement. He is also a member of the Membership Committee of the Financial Industry Regulator and sits on the Board of Directors of the Financial Services Institute.

Outside of the financial sector, he sits on the boards of the non-profit Chi Chi Rodriguez Youth Foundation. and the local social service organization United Way Suncoast.

Via email, we posed a series of questions to Curtis that focused not only on his professional knowledge, but also on what he does outside of the clock.

1 What Are market indicators, industry statistics, regulatory changes or advisor trends the most attentive right now and why?

Scott Curtis: Among other market indicators, I am very attentive to short and medium term interest rates and the valuations of public and private companies. While not always accurate, they generally reflect future economic expectations.

2. How have these figures evolved recently and how do you think they will evolve in 2022?

Valuations continue to rise, albeit at a slower pace more recently. With multiple pieces of evidence reflecting inflationary pressures, perhaps by 2022 interest rates will rise.

3. What would you suggest that advisors do now or consider doing about them in the future?

On the investment front, let’s hope advisors are already embracing the proven benefits of properly diversifying client holdings and reducing fixed income durations.

The idea is not new, but the expected rise in interest rates offers a good opportunity to convert customers’ variable rate debt into fixed debt.

4. Who or what source of critical information do you follow or follow online to follow this trend or others?

I rely on several sources, rather a patchwork, including Raymond James research, CNBC, Apple News and Barron’s (weekends).

5. Are you changing any of your work habits at this stage of the pandemic?

Comments are closed.