Raymond James
Merrill Manager Turmoil Continues in Texas
Head of five-office Woodlands complex near Houston leaves after more than a decade with firm.
UBS Loses East Coast, West Coast, Midwest Teams
“Institutional Consulting” group in Maryland joins RayJay, father-son team in northern California jumps to Morgan Stanley and Chicago team affiliates with Robert W. Baird.
Morgan Stanley Hires Three, Loses One in Restless South Florida Market
Teams joined from Wells Fargo Advisors and Merrill Lynch, while Raymond James lured another Morgan Stanley broker in South Florida on Friday.
Raymond James Hires $4-Million Michigan Team from UBS
Three advisors overseeing some $600 million of customer assets joined the Florida-based firm after sojourning for more than 20 years at wirehouses.
This Week’s Top Stories: Ex-RayJay Broker Wins Expungement, Wells Cuts Complexes, and More
Most popular stories from August 11 to August 17
RayJay Told to Clean Million-Dollar Broker’s Termination Record
Former wirehouse advisor wins expungement of Raymond James’ allegation that it fired him for violating the Protocol for Broker Recruiting by having excess client information when he joined from Merrill Lynch.
Stifel Recruiting Fuels Record Quarterly Revenue, Higher Expenses
Stifel Nicolaus is eager to continue hiring big-firm brokers who feel marginalized, CEO says, despite short-term effect of the cost on profit margin.
Independents Steward and Sanctuary Hire Brokers from Merrill, UBS
Austin duo overseeing $134 million leaves Merrill for Raymond James affiliate, while 16-year UBS executive stock specialist shifts to new Noyes unit in San Francisco.
RayJay CEO Says Broker Recruiting to Remain Engine of Growth
Despite rising costs, Paul Reilly says the fees and other revenue fueled by new hires with bigger business books justifies Raymond James commitment to broker recruiting.
Steward Attracts Veteran Broker in Texas from J.P. Morgan
Dallas office of J.P. Morgan loses $1.3 million producer Amy Sabin to Raymond James-affiliated independent firm the same day it hires an early-career wealth associate from UBS.
$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.
