Profile Draft
- https://www.raymondjames.com/northrimfg - https://www.fa-mag.com/news/ex-edward-jones-trio-with--250m-joins-raymond-james--independent-channel-in-utah-69469.html - https://www.investmentnews.com/team-managing-250-million-at-edward-jones-joins-raymond-james-225945 - Verification notes: Advisors Samuel R. Bates, Darin Frandsen, and Adam Fluckiger. Affiliated with Raymond James (independent channel) since 2022; team had been together at Edward Jones (Frandsen since 2008, Bates and Fluckiger since 2011). Manages approximately $250M in client assets. FINRA-registered.
North Rim Financial Group is a St. George financial planning team consisting of three advisors — Samuel R. Bates, Darin Frandsen, and Adam Fluckiger — who left Edward Jones in 2022 to join the Raymond James Financial Services independent advisor channel. The team manages approximately $250 million in client assets.
The "independent channel" structure of Raymond James is meaningfully different from being a corporate Raymond James branch. Independent-channel advisors own their practice and brand (in this case, North Rim Financial Group), set their own service model, and are technically business owners rather than employees of the broker-dealer. The Raymond James affiliation provides clearing, technology, and compliance infrastructure rather than dictating how the team operates.
The team's prior tenure at Edward Jones (going back to 2008 for Frandsen) means the practice's effective track record with Southern Utah clients is significantly longer than its 2022 affiliation date. Web presence is strong; trade press coverage in Financial Advisor Magazine and Investment News verifies the team's history and AUM.
Unresolved Questions
- Confirm the specific physical office address in St. George.
- Confirm whether the team works fee-based, commission-based, or hybrid.