Raymond James
RayJay Broker Joins Stifel Near Philadelphia, But Most Recruiting Processes Stall
A 19-year Raymond James broker jumped last week, but most moves have been delayed by coronavirus travel bans and nerves.
Edward Jones Suspends In-Person Client/Broker Meetings
Biggest retail brokerage bars client access to its more than 15,000 offices and home visits by brokers as firms seek to flatten the coronavirus contagion curve.
After 52 Years at Merrill, Duo Producing $7.5 Million Goes Indie with RayJay
Virginia advisers with long Merrill lineage said they were managing $900 million of client assets.
Week’s Exodus at Merrill Yields Hires at RayJay, Rockefeller and Stifel
Advisors who managed about $1.1 billion left in the past seven days in California, Colorado and Illinois.
Wirehouses Lose California, Florida Brokers with $612 Mln AUM to Stifel, RayJay
Stifel hires pair who were managing $432 million collectively at Merrill and Morgan Stanley, RayJay lures Wells Fargo veteran in Florida overseeing $180 million.
Morgan Stanley, Merrill, UBS Lose Teams to J.P. Morgan, RayJay and Rockefeller
Father-daughter team in New York join another Morgan Stanley alum at J.P. Morgan, Merrill advisor in Virginia producing $1.7 million arrives at Raymond James, and Rockefeller hires a $1.2 million producer in Washington.
RayJay Sued for Reverse Churning in Fee-Based Accounts
Class-action complaint alleges firm breached suitability and fiduciary obligations by transferring customers from commission to advisory accounts without proper review.
Raymond James Swallows Expense Rise to Propel Private Client Growth: CEO
Compensation and administrative expenses in Raymond James private client division jumped 7% last quarter, and profit was down 7%, but firm has no plans to retrench.
Raymond James Gives CEO 8% Pay Hike to $13.4 Million
Forty percent of CEO Paul Reilly’s performance awards in a record year for profit and revenue were paid in cash, Florida company says in its proxy statement.
RayJay Broker Who Jumped from JPMorgan Wins a Non-Solicit Battle
Finra arbitrators denies J.P. Morgan Securities’ request for a permanent injunction against an Indianapolis broker who was temporarily handcuffed from contacting clients.
UIT Rollover Recommendations Sideline Another Broker
Finra suspends former Raymond James independent broker and fines him, highlighting UIT sales issues that led the Florida firm to a $15 million settlement with the SEC.
