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

Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.