Raymond James
$3-Million Morgan Stanley Broker Goes Independent with Raymond James
Michael Kanner, a top-ranked “next generation” broker in Florida, left Morgan Stanley on Thursday to set up an independent practice.
2020 Comp Plan: Raymond James Says ‘No Changes’
After cutting payouts in 2018, Florida-based broker-dealer signals to top producers that grid will remain unchanged in 2020 for a second straight year.
Morgan Stanley Wins TRO Against Texas Broker Who Jumped to RayJay
Twenty-three year wirehouse veteran in Dallas had posted a video on his new firm’s website over Memorial Day weekend promising former clients that he would be in touch with them.
Merrill Team Managing $300 Million in Northern Ohio Goes Indie
Team in Sandusky affiliates with Raymond James while their former Merrill office sits dormant.
Top Stories of the Week: Litigation Expenses on the Rise, Morgan Stanley Seeks TRO in California, and More
Most popular stories from May 26 to June 1.
RayJay Loses Duo in PA, Adds Three Brokers in NY, CT and NJ
Two brokers managing $180 million left Raymond James in Pennsylvania on Friday while the firm said on Thursday it had picked up three wirehouse vets in the Northeast with $487 million in combined assets.
Edward Jones, Raymond James Say Litigation Costs Likely to Soar
Both companies, which have been rapidly growing their broker sales force in recent years, have raised estimated legal expenses by 10’s of millions over the past year.
Memorial Day Moves: RayJay Adds Morgan Stanley Broker, LPL Hires from Ameriprise
Texas broker with $1.7 million shifted to Raymond James on Friday, the same day an Ameriprise broker went independent with LPL.
More Wirehouse Teams Jump to Regional Rivals
Ameriprise hires two advisors in Tampa who managed $338 million at Morgan Stanley and RayJay gets most of a $1 billion team in Allentown who spent most of their careers with Merrill.
LPL Looks Beyond Indie Roots with New Employee Channel
With upcoming purchase of small regional broker-dealer, LPL embarks on plan to compete more directly with traditional brokerage firms, LPL CEO Dan Arnold said on Wednesday.
Wells Loses Teams Managing $796 Million to RayJay, Ameriprise
Quasi-independent team in Richmond with some $2.7 million of production joins RayJay’s “AdvisorSelect” channel, while 21-year Wells complex director in Omaha brings team to Ameriprise employee channel.
