Raymond James is ending its recruiting year with a flurry of announcements. On Wednesday, it says it attracted an employee-advisor team from Wells Fargo Advisors with about $230 million in client assets and an independent team with $115 million from LPL Financial.
This news came on the heels of Tuesday’s news that Michael A. Rosner, a veteran Merrill Lynch advisor, had joined the firm in the greater Detroit area with about $110 million in client assets and annual fees and commissions of roughly $1.2 million.
The employee team moving to Raymond James from Wells Fargo includes Lynn Grossman, CRC, and advisor Brian Vieira, who are based in Westport, Connecticut.
“Having the flexibility to serve my non-profit clients, to market and brand my practice, to develop and consult on a social impact investing program and to be able to provide holistic life and financial planning for my clients, were all very important factors in making our decision to move to Raymond James,” said Grossman, in a statement. “Probably most essential, however, was the firm’s strong research capabilities, as we manage a large number of our clients’ portfolios.
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Grossman began her financial-services career in 1987 with Kidder Peabody. In 1989, she joined Smith Barney, later moving to Wachovia Securities (a predecessor firm of Wells Fargo Advisors) in 2005. She became a Certified Retirement Counselor in 2010.
“In this current business environment,” she added, “we wanted to be with a firm that is both financially stable and ethically managed. We were attracted to Raymond James because it is known for putting clients’ interests first while respecting and valuing the advisor client relationship. Advisors here have all the tools they need to serve their clients well, and Raymond James is a firm both Brian and I can be proud of.”
Vieira started his career in 2011 with TD Bank. In 2014, he joined Wells Fargo Home Mortgage and then opted to become part of Grossman’s practice as a financial advisor in 2015.