Recruiting for some firms is on a tear in '16.

Raymond James Financial (RJF) added advisors from the East and West recently, recruiting a new billion-dollar team in Pennsylvania and another in Hawaii. Both new groups joined the employee channel of Raymond James.

The team in Jenkintown, Pennsylvania team, now operating as Fernberger Fernberger Loeb Wealth Management of Raymond James, used to be part of Bank of America-Merrill Lynch (BAC).

Its financial advisors include David Loeb, Jr., Edward (Ted) Fernberger, Jr., Jim Fernberger and Alex Fernberger, who collectively have managed client assets of $1.3 billion and had about $7 million in total yearly fees and commissions.

“We selected Raymond James, after extensive due diligence,” Jim Fernberger said in a statement, “primarily because the firm provides the size, scale and national presence to support the needs of our clients. When you dovetail those attributes with a culture that is client-centric and focused on providing the highest level of service to clients, you arrive at Raymond James.”

In Honolulu, the Goeas Group of Raymond James came on board from Stifel Nicolaus (SF), where branch manager Larry Goeas and advisor Leo Goeas managed more than $1 billion in client assets and had roughly $1.25 million in annual production.

The Honolulu office is part of Raymond James’ westward expansion, it says.

“We are delighted to welcome the Goeas brothers Larry and Leo as the first advisors to join the Raymond James employee channel in Hawaii,” said Rick Sanchez, West Coast regional director for Raymond James & Associates, in a statement. “We anticipate growth in the islands both through the internal development of this team and by attracting new professionals to Raymond James. We look forward to continuing this momentum and growing the firm’s presence even further in the Hawaiian Islands as well as the Pacific region more broadly.”

Executive Moves

In other news, Raymond James Financial said Wednesday that it appointed Gavin Murrey as co-head of the firm’s Public Finance/Debt Investment Banking division in Memphis, Tennessee. Murrey is a senior managing director in the division and South Central region manager, a position he will retain.

In his expanded role, Murrey is set to work with Rob Baird, the current head of Public Finance/Debt Investment Banking, and will take on further responsibilities to help guide the division’s long-term strategic planning, the firm says. In addition, he joins Baird as co-chair of the division’s executive committee, which manages the practice of more than 180 bankers in 26 locations nationwide.

Murrey joined Raymond James in 2012 as part of the firm’s acquisition of Morgan Keegan, which he joined in 1998.

“Gavin is a seasoned leader and trusted advisor to his colleagues and clients,” said John Carson, president of Raymond James Financial and head of the firm’s Fixed Income Capital Markets division, in a statement. “Throughout his nearly 20 years with Morgan Keegan and Raymond James, Gavin has been central to the firm’s development into a consistent top-ten municipal underwriter.”

Wealth-management firm Baird says it has welcomed Alex Bigelow to its private wealth management business as director of the Florida market. Bigelow, who will be based in the firm’s Palm Beach Gardens office, will oversee Baird’s six wealth management offices in Florida and recruit financial advisors in the region.

Joining from Wells Fargo (WFC) in Palm Beach, where he was a market manager, Bigelow brings more than 35 years of industry experience to his new role. For 25 of those years he was with AG Edwards and successor firms.

At independent advisory firm Summit Trail Advisors, Thomas Harms joined as chief operating officer and chief compliance officer. He will be based in the New York office and join the management team.

Harms previously worked at Fidelity Investments as a senior vice president in the practice management and consulting group, where he led the risk and compliance effort. Prior to that, he worked as a managing director, global operational risk officer at Morgan Stanley’s (MS) global wealth management division. He joined Morgan Stanley in 1986.

Read the Feb. 24 Recruiting Roundup at ThinkAdvisor.