Raymond James’ (RJF) employee broker-dealer channel will open an office in two weeks in the Golden Triangle area of Beverly Hills, Calif., the firm said Tuesday. It also says it just recruited a team from Merrill Lynch in Alabama with roughly $160 million in client assets and yearly fees and commissions of more than $1 million.
“We are so proud to plant a flag in Beverly Hills, which is one of the Garden Spots of the World,” said Lisa Detanna, managing director and senior vice president of investments at Raymond James & Associates, in a press release.
Detanna, who has been in the business for 23 years, will head the office. The advisor began her career in 1990 with Drexel Burnham and joined Raymond James in early 2011.
During her career, Detanna also has worked for Morgan Stanley (MS), Citigroup (C), Merrill Lynch (BAC), Dean Witter and Wedbush Securities. She is a Rotarian, past-president of the Beverly Hills Chamber of Commerce and past head of the city’s Economic Development Council.
“As Raymond James looks to deliver on our objective of establishing a number of new offices in the western part of the country, Beverly Hills was at the top of the list,” said Tash Elwyn, president of RJA’s Private Client Group in a statement. “We are delighted to have such a proven talent as Lisa Detanna representing our expansion.”
Raymond James said recently recruited Thomas Dedrick, CFP, and Pam Franklin to join the Tuscaloosa, Ala., office of Raymond James & Associates. They will do business as the Dedrick-Franklin Group.