Raymond James to Purchase Morgan Keegan From Regions
St. Petersburg, Fla.-based Raymond James Financial said on Jan. 11 that it would buy Memphis-based Morgan Keegan from Regions Financial in a $930-million stock transaction.
Raymond James’ Retention Deal May Help It Keep Morgan Keegan Reps
The $300,000 production level for the awards should prove advantageous to Raymond James, recruiters and others explain.
Raymond James Shares Retention Deal With Morgan Keegan’s $300K FAs
To help retain employee reps after the merger, the company goes below the industry norm of $500,000 in trailing 12-month fees and commissions.
Raymond James to Buy Morgan Keegan for $930 Million
The final purchase price is tied to the retention of advisors, while the overall deal includes special provisions related to legal issues and costs.
Raymond James Names New Advisor Execs
Raymond James named a new executive to run its independent-advisor channel as Dick Averitt prepares to retire, and the company also announced a new head for its employee-advisor channel as Dennis Zank moves into the COO slot at the parent company.
Raymond James Adds $425M-plus FAs From Merrill, UBS and Morgan Stanley
Seven advisors with more than $425 million in assets joined the employee channel of Raymond James in Virginia and Florida.
RIAs With $410M in AUM to Custody With Raymond James
Four firms, including an ex-Ameriprise affiliate, join Raymond James' RIA division with combined assets of $410 million.
Raymond James Taps New Heads of Independent, Employee Units
Raymond James said Monday that it named a new executive to run its independent-advisor channel and a new head for its employee-advisor channel.
Raymond James Hosts Women’s Conference, Shares Growth Plans
(St. Petersburg, Fla.) Raymond James executives discussed a new training program, series of women’s conferences and other steps to keep the company on a “controlled growth path” during the firm’s annual Women’s Symposium held in St. Petersburg, Fla., in late September. “Most of our effort is put on...
Raymond James Sees Strong Fiscal Results, Doubts Bid for Morgan Keegan
Executives at RJ’s annual Women’s Symposium tell AdvisorOne that they'll have a strong fiscal-year performance and are unlikely to buy Morgan Keegan as part of they're growth strategy.