Both Raymond James (RJF) and Wells Fargo (WFC) have recruited teams of financial advisors from Morgan Stanley Smith Barney (MSSB), which saw its advisor headcount drop by more than 1,050 in the past year.
Raymond James said Monday that Vann Ashley Wilder Sr., and Van R. Martin joined its employee broker-dealer Raymond James & Associates, which is led by Tash Elwyn (left). They come on board with about $300 million in client assets and more than $1 million in yearly fees and commissions.
The team, also known as the Gables Legacy Group, will report to Frank Amigo, South Florida complex manager.
“We are delighted to have such a talented and well-respected team join Raymond James,” said Amigo, in a statement. “They have deep-rooted ties to the local community and a strong understanding of how to help their clients. We are very pleased they chose Raymond James to support their efforts and practice.”
A 38-year industry veteran, Wilder is a portfolio manager and wealth-management specialist who began his career at Reynolds in 1974 and joined Smith Barney in 1981. Martin has more than 10 years of industry experience and started work in the industry at PFS Investments, before joining Morgan Stanley Smith Barney in 2009.
Also on Monday, a former Morgan Stanley technology officer, Erwin Eichmann, left the wirehouse firm to join TheStreet.com, after 11 years negotiating deals for global wealth management, technology and operations.