Raymond James (RJF) said earlier this week that it recruited three from Wells Fargo (WFC) and Morgan Stanley (MS) with a total of about $1 billion in total client assets and $2.2 million in yearly fees and commissions.
Keith Morris moved to Raymond James’ independent channel in Conshohocken, Pa., with about $110 million in assets and annual production of more than $1 million. Morris began his career at Prudential Securities in 1994 and then moved to Legg Mason and Wachovia Securities, which later became part of Wells Fargo. While with Wells, he founded Morris Capital Management Group, an independent firm.
“We are pleased to welcome Keith to Raymond James’ independent channel,” said Tom Harrington, regional director of Raymond James Financial Services (RJFS), the firm’s independent broker-dealer, in a press release. “He is a talented advisor who shares the firm’s client-first mentality and recognizes the benefits of Raymond James’ advisor-centric culture. He is a great addition to our network of independent advisors.”
Advisors Richard B. Swift and Jeff A. Dakin left Morgan Stanley to join Raymond James’ traditional employee broker-dealer in Columbus, Ga., from Morgan Stanley.
The team, known as Swift Wealth Management Group, has managed more than $934 million in client assets and had $1.2 million in annual fees and commissions.
“It is an honor to welcome this talented pair to Raymond James,” said Jim Hamilton, Southern regional director for Raymond James & Associates Inc., the traditional employee broker-dealer. “These veteran advisors bring almost 40 years of combined experience to the firm.”
Swift began his financial services career with Robinson-Humphrey in Columbus, Ga., in 1998. He went on to work for Columbus Bank & Trust, Citigroup/Smith Barney and eventually Morgan Stanley.
Dakin started his work in the business in 1991 in Columbus with Synovus Securities, moving to Robinson Humphrey in 1996, where he later teamed up with Swift.
Private Client Group Results