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SunTrust hires advisers from Raymond James' Alex. Brown biz

SunTrust Private Wealth Management hired Todd Ryman and Will Rhodes as private financial advisers in Atlanta, Bank Investment Consultant reported, citing a spokesman.

Ryman and Rhodes join from Raymond James Financial Inc.'s Alex. Brown business, where they managed more than $200 million in client assets, according to the report. Ryman is reportedly facing two pending client complaints, one for making unsuitable investment recommendation and the other over documentation issues.

Joining Ryman and Rhodes is financial consultant Luke Bennett, who comes from private equity firm Salvus Capital Management where he was a partner.

SunTrust Private Wealth Management is a marketing name used by SunTrust Bank, SunTrust Banks Trust Co. (Cayman) Ltd., SunTrust Delaware Trust Co., SunTrust Investment Services Inc. and SunTrust Advisory Services Inc., which are each affiliates of SunTrust Banks Inc.