Raymond James
Raymond James Slashes CEO Pay 17% in Turbulent Year
Chief executive Paul Reilly earned $11.1 million in 2020 as RayJay’s board said it “significantly” reduced annual bonuses for senior executives in light pandemic-related declines in earnings.
Merrill Loses $2.8-Mln Producer to UBS, $2-Mln Team to Independence
Advisors in Louisiana and New Jersey left Merrill after about two decades.
Wirehouse Advisors in Florida, L.A. Jump to ‘Boutiques’ Rockefeller, Alex. Brown
Broker with more than two decades of experience at Morgan Stanley joins Rockefeller’s fledgling Boca office and 39-year California advisor signs on with RayJay’s Alex. Brown.
Wirehouse Brokers Who Took Client Data Fired by New Firms, Sanctioned by Finra
Former UBS and Morgan Stanley brokers are fined and suspended by regulator over client privacy violations after losing their new posts at Wells Fargo and Raymond James.
Wells Loses Texas Veteran, Maryland Up-and-comer to Independence
Texas broker who spent his 27-year career at Wells and predecessor A.G. Edwards chafed over small-account policies; nine-year NextGen star in Maryland wanted greater marketing and investment-choice freedom.
Raymond James, Ameriprise Tout Recruiting Results in Tough Quarter
Raymond James ended its fiscal year with 228 more advisors than 12 months earlier while Ameriprise was down a net 25.
J.P. Morgan Loses Two-Year Battle to Impede Brokers Who Joined RayJay
Arbitrators in Indianapolis deny J.P. Morgan Securities’ bid to collect at least $1.5 million from three brokers who joined Raymond James more than two years ago.
Ameriprise Hires RayJay, UBS Solo Practitioners in FL, CA
Minneapolis-based Ameriprise recruits southern Florida advisor with 23 years of experience to its employee channel and 17-year San Francisco broker to its independent arm.
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.
