Raymond James
Raymond James Gears Up Expense Controls as Profit Falls 35%
Citing the global pandemic and its economic consequences, Florida-based firm outlines plans to cut costs broadly to generate “significant efficiencies.”
Merrill Teams Managing Almost $1 Billion Exit for Raymond James, Morgan Stanley
Morgan Stanley gains Chapel Hill, N.C. team managing $250 million, loses one managing $680 million in the same branch to Stifel, Nicolaus.
Independence Day: Six UBS Brokers in Three Regions Join Indie Firms
UBS brokers in Ohio, Florida and Maryland collectively managing about $850 million of client assets leave for firms affiliated with RayJay, Wells and Kestra.
RayJay Quantifies Boost in Assets, Fee Accounts from March Doldrums
Private client group assets at big regional jumped 4% in May from previous month and by 8% from a year ago on market appreciation and new brokers.
Wirehouse Wars: Morgan Stanley Nabs $5.1 Million UBS Team
UBS loses its third Pittsburgh-area team in a month, while Philadelphia-based Janney Hires $3 Million Florida group from Raymond James.
$3.5 Million UBS Broker Goes Indy, RBC Nabs Wells Vet with $250-Mln Book
A 40-year wirehouse veteran in Pittsburgh anticipates better client-outreach technology as a Dynasty-supported RIA while a veteran Merrill broker in Idaho managing $525 million says he’ll have more freedom within Raymond James’s employee channel.
Steward Signs $6 Million Indie Team, Largest Since Its Founding
Steward, which has recruited primarily from wirehouses, lures independent brokers from Advisor Group to its new “affiliate channel” with an alternate payout plan.
Raymond James Fires Employee Over Black Lives Matter Clash
Raymond James Financial Inc. said it fired an employee after a video captured him and his wife in a confrontation with a man stenciling “Black Lives Matter” in chalk outside his own San Francisco home.
Merrill Teams Managing $850 Million Jump to Sanctuary, RayJay
Indianapolis-based Sanctuary, founded two years ago by a former Merrill divisional manager, finds recruiting success targeting its roots.
UBS Brokers with $15-Mln Production Leave for Rockefeller, RBC and RayJay
Three teams, who all moved this week, had been managing more than $1.5 billion in client assets.
Rockefeller Lands $4.5-Mln Alex. Brown Broker in Texas
The expanding New York firm led by former wirehouse executive Greg Fleming nabs its first Houston advisor and also on Friday hired a $1.5-million broker in Atlanta from Morgan Stanley.
