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June 26, 2014 at 10:36 AM
Raymond James has added two family teams, Baird recruited two financial advisors and Wells Fargo brought on four reps as part of this busy summer recruiting season.
Raymond James (RJF) said Thursday that it added a team with $200 million in assets and $1.1 million in yearly fees and commissions from Sterne Agee in San Francisco and a team in Goshen, N.Y., with some $200 million in assets and roughly $3.1 million in production from Stifel Nicolaus (SF).
In San Francisco, the new Raymond James & Associates team includes Justin Adams and Stephen Adams, who now report to Nathan Clakley, the employee-channel complex manager for Northern California.
“As successful advisors, [the Adams team] certainly had options,” said Clakley, in a press release. “It is gratifying that after careful consideration, they chose Raymond James, where our client-first culture, tremendous resources and support for advisors will enable them to serve their clients while growing their practice.”
Stephen has over 40 years in the business and has worked for Shearson Hammill, Loeb/Rhoades, Van Kasper & Co./Wells Fargo and Nollenberg Capital Partners/Sterne Agee. His son Justin entered the field in in 2000 with Dean Witter and soon joined his father at Van Kasper.
“We wanted to find a firm that combined the supportive culture of a small firm but with the resources that will enable us to meet our clients’ needs and allow us to thrive in our evolving financial world,” explained Justin Adams, in a statement. “We found that and more at Raymond James.”
Raymond James & Associates said Tuesday that it recruited financial advisors and family members James M., Jason and James C. Pucci, according to Jeff Zelin, the New York metro region complex manager.
“Jim, Jason, Jamie and their team are exceptional additions to the Raymond James family,” said Zelin, in a press release. “With 78 years of combined experience, they are the consummate professionals, with a proven track record of client service and superior performance.”
James M. Pucci has been in the industry for more than 46 years, beginning his career as a broker at Loeb, Rhoades & Co.; he later worked for Shearson Lehman Brothers, Advest Inc., Merrill Lynch and Stifel Nicolaus.
“It is great to welcome such an experienced and talented team to the firm,” said Ira Federer, Eastern Division director for RJA, in a statement. “Their decision to join Raymond James is proof that the firm’s advisor-centric and client-first culture continues to appeal to some of the very best advisors in the industry.”
Wells Fargo Hires
Wells Fargo Advisors (WFC) said last week that it had recently recruited two advisors from UBS (UBS) and two reps from Morgan Stanley (MS).
Shawn Gruver has joined WFA in Manhattan Beach, Calif., from UBS. With UBS, he managed more than $109 million in client assets and was part of the firm’s 2013 Top 35 under 35.
