RJ Grabs $800K Ex-Morgan Stanley FA in West Virginia

“After meeting with the firm’s senior leadership, I was reminded of an earlier time in my career at Shearson/Robinson-Humphrey, where there was a family feel to the firm and the client-first focus was the most important part of the culture,” the advisor noted.

Active in his community, Dorsey is involved with the Marshall University Alumni Association and the Big Green Scholarship Foundation, which provides financial support for over 480 Marshall University student athletes. He has been on the board of the Tri-State Area Council of the Boy Scouts of America since 1987.

Two weeks ago, Raymond James recruited a Morgan Stanley (MS) team with about $80 million in assets and $1 million in yearly fees & commissions in Scottsdale, Ariz.

Raymond James Financial has more than 6,300 financial advisors serving over 2 million accounts in 2,600 locations throughout the United States, Canada and overseas through a variety of advisor channels. Total client assets exceed $390 billion.

Last week, Raymond James released its performance results for October. “October showed reasonably good metrics in light of a tepid market, which was additionally impacted by Hurricane Sandy and the resultant loss of two trading days,” said Paul Reilly, in a press release.

Securities commissions were $244.2 million: down 2.8% in October from September, but up about 46% from the year-ago period. October 2012 commission volume, the company says, was affected by a small decrease in the results of its Private Client Group and by a “more significant decline” in the Capital Markets segment.