This week in new hires, the employee BD of Raymond James announced the addition of three brokers, Barclays Wealth hired five advisors in New York, social media compliance firm announced plans to expand its headcount, wealth management firm EisnerLubin announced a merger with another New York accounting firm, and we provide our occasional update on jobs openings at the SEC.
Raymond James Adds Employee Brokers From UBS, Morgan Stanley
Raymond James and Associates, the traditional employee broker-dealer of Raymond James Financial (RJF) announced the hiring of three new brokers who will work out of two separate Raymond James offices in South Florida.
Pedro Harth-Silva joined Raymond James from UBS Financial Services, where he managed $105 million in client assets and produced over $1 million in annual fees and commissions.
Luis Alayo and Miguel Rodriguez have joined Raymond James from Morgan Stanley Smith Barney, where they managed $72 million in client assets and had annual fees and commissions of $784,000.
Alayo and Rodriguez will serve clients from the Raymond James office at 1691 Michigan Avenue in Miami Beach, while Harth-Silva will serve clients from the Raymond James office in Coral Gables, Fla.
Social Media Compliance Firm Erado Adding 30 Employees
Craig Brauff, CEO of Renton, Wash.-based Erado (left), a compliance and archiving firm in electronic communication which has become the social media compliance partner of choice for several broker-dealer firms, announced that due to its growth, it will add 30 new hires in 2012 in tech support, customer service, accounting, administration and web development.
Barclays Wealth Hires 5 Advisors in New York
Global wealth management firm Barclays Wealth announced Dec. 15 that is has hired five investment representatives in its New York office, as it continues to expand across the Americas. This brings the total number of new advisors hired in the Americas this year to 50. Among the five are two new managing directors, Jack Broderick and Bill Belleville. A former Lehman Brothers executive, Broderick most recently spent 15 years at Credit Suisse Private Banking. A CFA holder, Belleville spent 10 years with Credit Suisse Private. In addition, Barclays Wealth also hired three directors to be based in New York: Michael Gordon, Scott Madison and Jonathan Sopher.
SEC Hiring for Four Positions in DC
Included among the positions that the SEC is hiring for in Washington are the following:
1) Managing Executive, Division of Trading and Markets; with a salary range of $150,000 to $230,000 per annum; applications accepted until Jan. 3, 2012.
2) Director, Office of Municipal Finance; with a salary range of $150,000 to $230,000 per annum; applications accepted until Jan. 6, 2012.
3) Director, Office of Municipal Securities; with a salary range of $150,000 to $230,000 per annum; applications accepted until Jan. 6, 2012.
4) Deputy Director, Trading and Markets; with a salary range of $150,000 to $230,000 per annum; applications accepted until Jan. 6, 2012
EisnerLubin Merges With WithumSmith+Brown
EisnerLubin LLP, the New York-based wealth management and CPA firm, merged its practice with regional CPA firm WithumSmith+Brown, PC (WS+B), including its 55 professionals, effective Nov. 1, 2011.
Robert Simon, former managing partner of EisnerLubin who will continue to be the partner in charge of the New York office within the merged firm, said the merger achieves EisnerLubin’s goal of expand its presence in New Jersey as well as in Pennsylvania, Maryland, Florida and Colorado.
William R. Hagaman, Jr., CEO and managing partner of WS+B, said the merger will help “solidify our position in Manhattan in order to better serve – and expand – our metropolitan New York client base. Founded in 1923, EisnerLubin has annual revenue of $11.6 million, while WS+B has annual revenue of $76.3 million.
Read the Dec. 14 new hires roundup at AdvisorOne.