Recruiting in '17 is on a tear.

Raymond James says advisors C. Kemper Wharton, CFP, and M. Todd Oney, CFP, recently joined its employee channel in Richmond, Virginia. The pair used to be with Merrill Lynch, where they managed more than $500 million in client assets.

Wharton began his financial-services career in 1987 as an insurance agent with Northwestern Mutual and moved to Merrill Lynch in 1992. Oney cut his teeth at Merrill Lynch staring in 1996.

“I have known Kemper and Todd for close to 20 years, and it is exciting for me to have two of my close friends join our office,” said Clifford Foster, who is head of the Richmond branch, in a statement.

Meanwhile, Raymond James’ independent channel welcomed financial advisors Thomas Burger, CFP, and Jeanne Hagar in Beverly and Mansfield, Massachusetts. They have a combined total of 70 years of industry experience.

At Lincoln Financial Services, they previously managed roughly $150 million in client assets and had $1.25 million in yearly fees and commissions.

“We were very impressed with Raymond James’ culture, research, home office support and the firm’s systems, particularly the technology for the advisors and clients,” said Burger, principal of the Hamilton Group, in a statement.

Dynasty Developments

Dynasty Financial Partners says newly-formed Procyon Partners has joined its network.

Based in Shelton, Connecticut, Procyon Partners was launched by Phil Fiore, Jeff Farrar, Lou Gloria, Tom Gahan and Chris Foster — formerly of UBS, where they had worked as the FDG Group.

They advisors previously managed, on both a non-discretionary and discretionary basis, over $8 billion in institutional assets and more than $400 million in private wealth assets.

“The Procyon Partners team has extraordinary experience in working with institutions and their retirement plans, as well as wealthy families in developing effective financial strategies,” said Shirl Penney, Dynasty’s CEO, in a statement.

“We are excited to welcome Procyon Partners as a Dynasty Network Advisory Firm … ,” Penney added.

The new firm will operate under two separate RIAs to distinguish the Investment Consulting practice from the personal wealth management group. It has a total of 10 staff members.

“As a team with vast experience in partnering with institutions and high net worth families, we are pleased to launch Procyon Partners,” said Fiore, in a statement. “We are positioning our new wealth management firm for future growth, and have formed our firm to better align our services with the ever-evolving needs of our clients.”

Procyon Partners has formed strategic partnerships with Charles Schwab, while Dynasty will provide it with analytics and operational support. For institutional research, the group will work with Callan Associates, while it will also use Envestnet’s Retirement Services reporting package for institutional clients.

Cetera Growth

In other news, HBW Partners’ independent financial advisor platform, HBW Securities, says it will be affiliating with Cetera Advisor Networks later in June as a regional director-led firm.

HBW Partners’ home office in Simi Valley includes 55 independent financial advisors nationwide with $520 million in assets, which will be part of Cetera Financial Group and Cetera Advisor Networks. HBW Advisory Services, which has $300 million in assets, will continue to do business as HBW Insurance & Financial Services, part of HBW Partners.

“We’re excited about leveraging our decades of experience in supporting the success of our regional director-led firms across the country to help HBW achieve new levels of growth in this new era for financial advice, in which success will be driven by providing a truly advice-centric experience,” said Tom Taylor, president of Cetera Advisor Networks, in a statement.

Focus News

Focus Financial Partners says its California-based partner firm HoyleCohen has wrapped up a merger with Libbie Agran Financial Services & Seminars, an RIA in Santa Monica, California. This is HoyleCohen’s third merger since joining the Focus partnership in 2006.

“We are delighted to support this expansion of our partner’s presence on the West Coast, where both new wealth and entrepreneurs are growing rapidly,” said aid Rudy Adolf, founder and CEO of Focus, in a statement.

“HoyleCohen is a premier fiduciary wealth management firm, committed to providing tailored services for its clients and putting their interests first.  Libbie Agran shares those same principles. We are delighted to connect the two firms and look forward to their future together,” Adolf explained.