As president of the Asset Management Services (AMS) division of Raymond James & Associates, Erik Fruland is responsible for all aspects of the department, including research, operations, sales, risk management, finance/billing and administration. AMS administers the fee-based account types and products utilized by the company’s financial advisors to serve their clients.
A 29-year veteran of Raymond James, Erik returned to AMS in 2014 after serving as senior vice president and chief operating officer of the Raymond James & Associates Private Client Group (PCG). Previously, he provided senior leadership within AMS as vice president of finance and administration. Erik began his career with the company as an internal auditor immediately after completing graduate school in 1991. He also held various financial positions under the direction of both the chief financial officer and controller of the parent company, Raymond James Financial.
Erik is a member of the AMS Investment Committee and the Raymond James Operating Committee, serves on the board of Raymond James Financial Services Advisory, and is a trustee for Raymond James Charitable. He also serves on the board of Raymond James & Associates, and previously served on their Executive Council from 2009 to 2011, and again from 2012 to 2013. He received both a bachelor’s degree in finance and a master’s degree in business administration from Florida State University.
A St. Petersburg native, Erik currently resides in St. Pete Beach with his wife, Wendy, and their three children.