Three advisors overseeing some $600 million of customer assets joined the Florida-based firm after sojourning for more than 20 years at wirehouses.
Most popular stories from August 11 to August 17
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 Nicolaus is eager to continue hiring big-firm brokers who feel marginalized, CEO says, despite short-term effect of the cost on profit margin.
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.
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.
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.
Michael Kanner, a top-ranked “next generation” broker in Florida, left Morgan Stanley on Thursday to set up an independent practice.