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Baird Adds Ex-UBS Team, Former Morgan Stanley FA in Texas

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Baird said this week that it added six financial advisors to in Texas and Ohio, including an ex-UBS team and an advisor previously with Morgan Stanley.

The GCE Group moved to Baird’s office in Fort Worth, Texas, office, which now includes 25 wealth management professionals. The team came over from UBS (UBS) and includes advisors Rebecca Gadus, Jeffrey Carroll and Tyson Eubanks.

In Houston, Barbara Woolhandler came over to Baird from Morgan Stanley (MS). She will be based at Baird’s Houston Galleria office and has over 30 years in the business.

In Cincinnati, Baird added two advisors who used to work for the Bank of Kentucky: Richard “Trey” Tapke III and Julie Dusing, a cerrtified financial planner.

Baird’s wealth management business encompasses more than 800 financial advisors with client assets of about $100 billion.

Raymond James

This week, Raymond James (RJF) said it recruited five veteran advisors to its Financial Institutions Division as part of Tyler, Texas-based Southside Bank’s merger with OmniAmerican Bank: Lynn Davis, Russell Baker, Chelsea Magby, Karen Martin and Rick Patterson.

“We are thrilled to continue our longstanding relationship with Southside Bank,” said John Houston, managing director of the Financial Institutions Division, in a press release.

“All of us at Raymond James look forward to providing the products, support, resources and intellectual capital to SBIS as it seeks to further the reach and growth of its investment program with these five additional advisors,” he explained.

Southside Bancshares, Inc., the holding company for Southside Bank, is headquartered in Tyler and has nearly $5 billion in assets.

Other Hires

Securities America, part of Ladenburg Thalmann (LTS) said it recently hired Elizabeth Morris to serve as a regional director of branch office development.

“Her diverse industry experience will be an asset as we continue managing a robust pipeline of advisors, branches and producer groups seeking a broker-dealer that best supports their practice,” explained Gregg Johnson, executive vice president of branch-office development and acquisitions at Securities America, in a press release.

Morris will work with advisors, branches and large offices in Texas, Oklahoma, New Mexico, Arkansas and Louisiana. She has about 20 years in the business and is based in Dallas. “I’ve seen the industry from all sides, including as an advisor and in the wholesale environment. Now, I am eager to get started on this new challenge of recruiting,” Morris said in a statement. “To me it is about maintaining relationships and letting advisors find a broker-dealer that enables them to provide the highest level of service to clients and build the business they want.”

Prior to joining Securities America, Morris was a divisional vice president with AIG Financial Distributors.

Last week, Lebenthal Asset Management acquired a minority stake in AH Lisanti Capital Growth, a New York-based RIA. Concurrently, Alexandra Lebenthal, CEO of Lebenthal Holdings, has also acquired a minority interest in AH Lisanti Capital Growth.

“[Founder] Mary Lisanti is a trailblazing woman in the world of asset management, and I couldn’t be more proud to have her join our team,” the Lebenthal CEO said in a statement. “I am a passionate supporter of woman-owned businesses, and am thrilled we were able to make this transaction happen.”

The AH Lisanti group will operate as Lebenthal Lisanti Capital Growth and continue to be a woman-owned firm. Founder Mary Lisanti is a 35-year veteran of the investment management industry.

“I am pleased to welcome Mary Lisanti and her team to Lebenthal,” said James B. Lebenthal, CEO of Lebenthal Asset Management, in a statement. “Her specific market expertise will be a welcome addition to the range of strategies that LAM can offer to our investors and wealth management clients. Her formidable track record and client-centric focus will truly extend and complement the Lebenthal tradition.”

— Check out Alexandra Lebenthal: Who Are You Calling a Socialite? on ThinkAdvisor.