Raymond James
After Dalliance with Stifel, Arizona Broker Returns to Raymond James
Broker who moved with two Scottsdale teammates in late September rejoined his former firm after five weeks.
Raymond James Outlines Legal Overhang, Potential Protocol Damage
Faces class-action trial over Passport Account fees in April, but was indemnified $20 million by former parent of Morgan Keegan for short-selling settlement.
More UIT-Stained Raymond James Brokers Land at New Firms
Saginaw advisor managing $139 million in client assets goes independent with Ameriprise while another Michigander with $54 million of AUM joins Stifel.
Indie Brokers Shuffle Intramurally; Cetera, RayJay, Sanctuary Hire from Wires
Merrill teams in Virginia and NYC join independent firms while Stifel group with $180 million of assets affiliates with Ron Carson’s Cetera-based network of firms.
Raymond James Discharges Brokers Nationwide Amid UIT Probe
A South Carolina broker who ranked in Forbes’ Top Woman Advisor poll this year was among several let go for alleged UIT sales violations.
Raymond James Keeps Recruiting Gate Open Despite Expense Jump
Revenue generated by the Florida-based firm’s burgeoning brokerage force rose 12% last quarter, but rising legal and compensation costs contributed to an 8% decline in pretax profit at its wealth division.
RayJay Nabs Three Experienced Morgan Stanley Advisors in South Florida
A duo managing $190 million in West Palm Beach and an associate complex manager in Aventura bolt for the Florida-based broker-dealer’s employee channel.
RayJay Loses $234 Mln-Asset Team to Stifel in Scottsdale
Industry veteran of 41 years says he had been frustrated by declining access to syndicate business.
2019 Comp: RayJay Leaving Pay Plan Untouched for Branch Brokers
After payout cuts last year, firm tells its approximately 3,100 employee-brokers that it won’t rock the boat in the upcoming compensation plan.
Managers on the Move: RayJay Gets 40-Year Vet in Houston, Morgan Stanley Fills NYC Seat
Charlie Eldemire leaves RBC in Houston to run his hometown Dallas RayJay branch, while Cathy Galgano shifts from Chicago suburb to run MS complex on Park Avenue.
Ameriprise, RayJay Pick Up Multi-Million Teams, from Wells and UBS
Exits in San Diego and St. Louis extend advisor losses both wirehouses have been suffering.