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Bank Midwest Selects Raymond James' Financial Institutions Division To Support Investment Program; MWM Rebrands as Midwest Wealth Group Managing $692M In Client Assets

Benzinga·12/11/2025 15:56:17
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Raymond James announced today that Bank Midwest has selected its Financial Institutions Division (FID) to support the bank's investment program, Midwest Wealth Management (MWM), according to Stephen Kruchten, president of FID. Through this new alignment, MWM will rebrand as Midwest Wealth Group (MWG) and provide clients with wealth management services through Raymond James Financial Services.

Based in Spirit Lake, Iowa, the team includes six financial advisors, seven branch professionals and one program manager, collectively overseeing approximately $692 million in client assets.