Raymond James said early Wednesday that it recruited an advisor formerly with Morgan Stanley.
John N. Dorsey, who previously managed about $215 million in client assets and had more than $800,000 in yearly fees & commissions, is now a senior vice president of investments and branch manager of a new Huntington, W.Va.-based branch office of Raymond James & Associates–the traditional employee broker-dealer of Raymond James Financial (RJF).
“We are delighted to have been able to attract such an experienced, successful advisor as John, whose Huntington location will be the first RJA branch office in West Virginia,” said Rusty Clark, a complex manager in the firm’s Great Lakes Division, in a press release.
“He has a great reputation and exemplifies a deep caring for his clients and their interests, which is totally in line with Raymond James’ values and culture,” added Clark.
What Your Peers Are Reading
Though this is the first Raymond James & Associate branch in West Virginia, the firm–led by Paul Reilly (left)–has a dozen affiliated offices in West Virginia, which are managed by independent contractors and bank-based advisors.
Dorsey began his financial services career in 1978 with E.F. Hutton. He stayed with the same firm over the years through various acquisitions and mergers.
“After investigating a number of firms, I chose Raymond James, because it is a successful, conservatively managed firm, with a great reputation of putting its clients first and offering its advisors great support,” said Dorsey, in a statement.