Raymond James Financial said Monday that a Morgan Stanley Smith Barney team had joined its employee channel in the greater Los Angeles area, while Baird announced that a Morgan Stanley team had joined it in Portland, Ore. Also, Amerprise Financial recruited a team from Merrill Lynch to its New York operations, the company said Monday, illustrating the continued movement of some brokers away from the wirehouse model.
Warren "Bud" Wilson, WMS; John Kwiatkowski, CPA; and Valerie D’Addona recently formed the Greenbrier Wealth Management Group and have set up the practice in the Westlake Village, Calif.-branch of Raymond James & Associates, according to Ron Goldman, branch manager.
“I’m excited to have these veteran advisors join us here at Westlake Village,” said Goldman in a press release. “They are a strong team with a proven track record. Their valuable knowledge and experience makes them a great addition to Raymond James and our branch. Most importantly, they share our firm’s dedication to putting the needs of clients first.”
The team members have typically managed $415 million in assets and had $2.3 million in yearly production, according to Raymond James.
Wilson worked at Merrill Lynch prior to joining Smith Barney in 1998. Kwiatkowski joined Smith Barney in 1991. D’Addona worked at Paine Webber prior to joining Smith Barney in 1981.
“Joining Raymond James was a great decision for us and our clients,” said Wilson in a statement. “The firm offers us the support and freedom to make recommendations based solely on our clients’ best interests.”
(Raymond James is hosting its annual national conference this week in Las Vegas.)