Raymond James Financial Services, the independent channel of Raymond James (RJF), added financial advisor Troy H. LeBlanc, formerly of UBS, to a branch office in Baton Rouge, La., the company said early Friday.
LeBlanc, who manages about $110 million in assets and has yearly fees and commissions of roughly $1 million, will join financial advisors Tom Breaux and Ian James at the Capital Financial Group, an independent firm that affiliated with RJFS in February. Breaux joined from Morgan Stanley Smith Barney (MS), while James moved to RJFS from Wells Fargo (WFC).
“Independence provides a permanent solution to the frequent challenges and frustrations facing advisors at many firms,” said Bill Van Law, head of business development for RJFS, in a press release. “Recruiting Troy to the firm is proof that our advisor-centric culture and broad platform are attracting some of the very best advisors in the industry.”
Before joining RJFS, which is led by Dick Averitt (left), LeBlanc spent the last spent eight years as a senior vice president at UBS Financial Services (UBS). He began his career in 2000 at Edward Jones.
“For a while now, Tom and Ian have been talking to me about joining them at Raymond James and Capital Financial Group,” said LeBlanc, in a statement. “So, after extensive due diligence, I decided that Raymond James would be a great fit for me and my clients. I like the fact the firm has a conservative, well-regarded reputation in the industry, and I have been extremely impressed with their transition management and the fact that they support their advisors so well.”
At UBS, LeBlanc managed $110 million in client assets and had annual production in excess of $1 million.
Earlier this weak. Raymond James said it added two Merrill Lynch advisors to its Raymond James & Associates branch office in Tallahassee, Fla., with about $114 million in assets and more than $600,000 in yearly fees and commissions.