The Financial Institutions Division of Raymond James has a new chief: Tim Killgoar, who takes over on April 1 from John Houston.

Houston, a certified financial planner, has led the group for the past 11 years and is set to become head of the group's Eastern Division so he can relocate to Nashville.

"After a diligent review of external and internal candidates, I am pleased we will continue to benefit from Tim's strategic insight into the business as he takes on this leadership role," said Scott Curtis, head of Raymond James Financial Services, in a statement.

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Janet Levaux

Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.