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Raymond James poaches $1B team from Merrill in its biggest move this year

Merrill Lynch’s second act for RIA reinvention is revealed but may yield ‘field day’ for classic RIAs in the short term.. Maybe they’ll go to Raymond James and they’re still migrating to the independent side.". Is Merrill Lynch taking its more RIA-like training program another step forward.

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Raymond James Financial has picked up a veteran Merrill Lynch broker in Boston as the Florida-based company continues its northward expansion. phillip pierre closuit, who has divided his 19-year.

Firm’s president says the addition of the team highlights its recruitment ‘momentum’. Raymond James & Associates continues to attract multibillion-dollar teams of financial advisers, this time recruiting a group from Merrill Lynch who managed $2.9 billion in client assets. Advisers Chris Mahoney, his brother Kevin Mahoney, Mark Marotta,

Raymond James & Associates, a broker-dealer under Raymond James Financial Inc, said it has recruited a large team of advisers led by Chris Mahoney from Bank of America Merrill Lynch. The team.

Raymond James poaches $1B team from Merrill in its biggest move this year The win follows a first-quarter report showing it grew its ranks 3.4% over the prior year. By Graison Dangor

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The Real Difference between "Fee-Only" and "Fee-Based" Advisors. it is very representative of how any broker /dealer operates in the united states today. including, Merrill Lynch, Morgan Stanley, UBS, Wells Fargo, LPL, Raymond James, etc. Any brokerage / "financial planning" firm with NASD.

Raymond James Adds $5M Morgan Stanley Team. CFP, CIMA, to RJA’s San Diego office. She came on board from Merrill Lynch with about $100 million in client assets, roughly $850,000 in yearly.

Raymond James Lands Largest Team in History Diana Britton | Jun 03, 2015 Raymond James has attracted the largest team since the firm started in 1962, with $2.4 billion in client assets, to its.

And while $852 million is a good-sized book of business, it’s not the biggest in town. He speculated the move to Raymond James might have been prompted by Bank of America’s purchase of Merrill.

Career Moves Raymond James Brings on $216M Breakaway Merrill Rep: Recruiting Roundup Meanwhile, Ladenburg Thalmann and Fidelity share their latest recruiting news; Live Oak Bank, FourPointe.

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