Six Advisors with Their Teams from Morgan Stanley and UBS Moved to Raymond James


Raymond James is doing its best to recruit established advisors with books over $100 million.

Raymond James & Associates have hired six advisors who previously managed $638 million in client assets for Morgan Stanley and UBS, according to OnWallStreet. The reasons behind the move ranged from technology to a more people-centered culture.

Advisor Lynn Shook said that “at Raymond James, it really feels like it’s about the people and not just the numbers.” Shook and fellow advisor Jason Jachimowicz previously managed $140 million for clients at Morgan Stanley. They joined Raymond James’s downtown Boulder, Colorado office as Emerald Peak Wealth Management.

Advisor Jac Carrington and senior client service associate Dani Burnett who managed $134 million at Morgan Stanley joined Raymond James’s Columbia, South Carolina office.

Advisors Charles Isaacs, David Paller, and Thomas Rockel and senior client service associate Stella Llamas who managed $360 million for clients at UBS joined Raymond James’s Woodland Hills, California office as Isaacs & Paller Wealth Management.

Raymond James has operated a westward recruitment strategy. The firm hired 17 advisors last month, mostly in California.

Read the full story here.


Economics, Finance and Investing