Raymond James
RayJay Liable for $3.2 Mln over Broker’s Oil-Gas MLP Sales–Arbitrators
Firm must pay 27 customers but a Louisiana branch manager can expunge failure-to-supervise claims because he had “insufficient” tools for monitoring “excessive levels of concentration,” arbitrators say.
Edward Jones Recruiting Head Mauzy Leaves
Four Jones brokers in separate offices in Arizona and Nevada left on Friday, two to independence with RayJay and two to Ameriprise’s employee channel.
Steward Hires Ex-Morgan Stanley Divisional Manager Kentfield
Douglas Kentfield, who left Morgan Stanley in 2014, will take on a newly created role as “head of wealth management” for the Raymond James-affiliated firm.
RayJay, Ameriprise Diverge in Recruiting Success—and Comp Costs
RayJay added a net 107 advisors last quarter to bring its brokerage force up 4% to 8,011 from a year earlier, while Ameriprise had a net decline of 21 brokers in the quarter, ending with a flat year-over-year headcount of 9,930.
JPMorgan Seeks TRO Against Bank Broker Who Joined RayJay
Former Chase Private Client broker in Indiana allegedly moved $27 million in assets since leaving the bank last month.
Million-Dollar Edward Jones Broker Goes Indie, Via Raymond James
Colorado advisor forms an independent practice, along with his son, after 17 years at Edward Jones.
Alex. Brown Expands into Maine with $1.7-Mln Wells Broker
The Raymond James subsidiary is opening its 19th branch and hopes to add another dozen advisors in New England city.
Wells Fargo Hires $4-Mln Morgan Stanley Broker in Boca
Exit of 37-year industry veteran extends a long-running list of departures from Morgan Stanley complexes in South Florida.
Raymond James Exec: Our Robo Won’t Compete with Advisors
RayJay won’t market auto-investing directly to customers, says Tash Elwyn, head of the firm’s employee channel.
RayJay, Ameriprise Nab More Big Teams from Wirehouses
Three-broker Morgan Stanley team in Houston that produced $3 million joined Raymond James last week, while Merrill Lynch loses $675 million-asset-under-management team in Annapolis.
RayJay Recruits Morgan Stanley Broker, Promotes Ex-Morgan Stanley Executive
Florida-based brokerage firm also promotes former Morgan Stanley manager Bert White from a complex head to oversee some all of its home-state employee channel branches.
