Raymond James nabbed one other advisory crew from the wirehouses. Eric Werner and Vincent “Randy” Whatley are becoming a member of the agency’s worker advisor channel from Morgan Stanley, the place they managed about $350 million in shopper property.
Alyssa Kerins, a senior registered shopper affiliate, will be a part of the New Hampshire-based duo of their transfer to Raymond James, the place they are going to function as Northeast Legacy Group of Raymond James.
The addition will enhance RayJay’s presence in New England by establishing an workplace in Hanover, NH. The duo will provide wealth administration and funding recommendation, emphasizing household workplace companies, nonprofit endowment administration and consulting for non-profit organizations.
At Raymond James, Werner is taking over the title of first vice chairman, wealth administration, alongside together with his position as Northeast Legacy’s founder.
“Our trade is altering quickly, and it’s crucial for our crew to be related to a agency dedicated to delivering assets and instruments targeted on what our shoppers need and wish,” he stated.
Werner entered the trade almost 30 years in the past, with prior stints at Merrill Lynch and Citigroup earlier than becoming a member of Morgan Stanley in 2008. Whatley has over 20 years within the trade, with 18 of these years spent at Morgan Stanley.
RayJay has poached a number of advisors and groups from the wirehouses because the begin of the yr. Late final month, the agency enticed the $450 million Fla.-based crew Anderson Mckelvey Group to hitch its unbiased advisor channel from Merrill Lynch.
Different examples embrace a New Jersey advisor with about $165 million in managed property who moved to Raymond James from UBS. RayJay additionally introduced in a South Florida duo of advisors who’d managed about $340 million in shopper property at Morgan Stanley. David Behar and David Nagel joined the agency’s worker advisor channel to type the Behar-Nagel Group of Raymond James.
Final month, the agency employed Alex David as its Northeast division director in its unbiased advisor channel, taking up from Shannon Reid, who runs Raymond James’ unbiased contractor division.
David joined RayJay from Stifel Monetary, the place he was president and CEO of that agency’s unbiased contractor dealer/supplier. Earlier than that position, he’d labored at Wells Fargo as its head of department improvement and advertising and marketing for the unbiased brokerage division.
