Riggan, an FA with Edward Jones, resigned abruptly after 15 years with the firm only to set up shop next door as a broker for Raymond James. Riggan, who managed $500 million for Edward Jones in Texas, also reportedly locked the rest of the office’s staff out and took all of its furniture. The two sides previously reached a confidential settlement.
In a statement, Riggan said he was drawn to Raymond James because its “technology is intuitive and customizable, accommodating both simple and extremely complex planning scenarios, which makes it even easier for us to do business. The ability to self-brand in a manner that aligns with our team and the people we serve was an important factor in our decision to move as well.”