Raymond James
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.
SEC Bars and Fines Former Raymond James Manager in Ski Resort Case
Miami broker helped his father-in-law execute a $200 million fraud that earlier led Raymond James to more than $165 million of regulatory settlements.
RayJay Lands $3 Million Morgan Stanley Team Operating in Three States
Another team leaves the ex-Protocol wirehouse for the Florida-based regional, carefully coached on how to move within the bounds of its members’ employment contracts.
Merrill Lifer of 46 Years Joins Raymond James
Memphis broker and his son were producing more than $1.5 million.
UBS, Morgan Stanley Lose Big-Hitting Teams in New York, New Jersey
UBS Wealth Management USA and Morgan Stanley Wealth Management, which each left the Protocol for Broker Recruiting last year, were…