Raymond James
Janney, RayJay Hire 20-Year Veterans of Merrill, Morgan Stanley
Janney says new hire in Virginia was managing $300 million at Merrill, while RayJay says its Michigan recruit managing $115 million at Morgan Stanley moved for the “freedom to truly own and run my practice.”
Ex-Merrill, RayJay Broker Settles Finra Charges of Taking Client Info
Regulator fines and suspends a California broker, despite his success in expunging allegations of purloining client information when he left Merrill for Raymond James.
Finra Fines JPMorgan Broker Trying to Do Customers a Solid
Regulator fines and suspends a novice broker who J.P. Morgan fired for moving customer money to higher-paying money market funds without authority and a senior former RayJay and UBS broker who took loans from a friend and customer without permission.
2021 COMP: Raymond James Keeping Advisor Pay Unchanged
Raymond James reassured managers this week that in spite of companywide expense cuts, it will not fiddle with grids or other core parts of advisor pay in its employee channel.
Raymond James Advisors, Customers Lose Account Data Access
Brokers on Thursday have been delayed or are unable to view client contact data and holdings through their workstations due to vendor hardware issues.
RayJay Hires $1.7 Billion-Asset Broker Ousted by Morgan Stanley over Online Post
Chicago broker dismissed from Morgan Stanley’s private client unit after he was pictured in an inappropriate social media posting lands at Raymond James’ high-net worth Alex. Brown unit.
Raymond James Lays Off More Than 500 Employees
Florida-based firm says workforce reduction of close to 4% primarily affects corporate staff positions, and responds to economic conditions and rate cuts that wiped out half its earnings.
RayJay Lands $500 Mln-Asset Wells Team in Philadelphia, $1.2-Bln Group in Kansas
Trio with 106 years of experience left Wells Fargo for RayJay’s Alex. Brown UHNW division, while seven-person UBS team opens a Kansas City for Raymond James and Associates.
Finra Drives Home Corner-Cutting Rules, Fining Brokers Already Terminated
Brokers who lost their jobs for reusing client signatures on approved transactions, in one case, and making discretionary trades with customers–but not firm–approval in two others, are fined by Finra.
Morgan Stanley Snags Teams Producing $3.6 Mln From Merrill, RayJay
Wirehouse adds production from Merrill in Ohio and from RayJay in Florida, and promotes branch business manager to oversee Southwest Florida complex.
Wirehouse Wars: $4 Million of Production Changes Hands
Wells Fargo Advisors adds about $2.3 million of revenue via a Merrill broker in Houston and a UBS broker in San Francisco, while UBS nabs a $2.2 million Raymond James team in Westport.
