Raymond James had quite a recruiting week. Its different affiliate channels added advisors and teams from Wells Fargo, Morgan Stanley and LPL Financial with a total of $1.5 billion in combined client assets.
For instance, its employee channel drew Ian MacClure in Denver, where he has managed some $114 million in client assets for the past four years.
“As I evaluated different firms, I was continually drawn to Raymond James because of its resources, home office support, and the people,” according to MacClure, first vice president, investments. “It’s a truly client-centric firm, and all of the resources and technology they offer advisors are in support of our relationship with our clients.”
Steward Partners, an employee-owned independent partnership associated with Raymond James, said a an team has joined it in Washington, D.C., from Wells Fargo, where it oversaw more than $500 million in client assets: Coyle Financial Group, which includes Brad Coyle, Ali Allen and Brad Coyle, Jr.
“Through their years of hard work and dedication to client success, these advisors have distinguished themselves both nationally and within their community,” according to Jeff Gonyo, Steward Partners’ divisional president.
The team spent the past 10 years at Wells Fargo and the prior 12 years at A.G. Edwards. The senior Coyle has been in the business for 26 years, while his son started out as an advisor this spring.
“Our entire team is excited about this opportunity, both for our firm and for our clients” added Brad Coyle. “Working with Steward Partners grants us greater flexibility and investment options to help our clients achieve their financial goals in ways we couldn’t previously.”
Steward also picked up advisor Ken Neuman in Morristown. N.J. Neuman previously worked for Morgan Stanley and had some $135 million in client assets. He started in the business in 1984 with Merrill Lynch and was with Morgan Stanley from since 2006.
“Anyone that has met Ken knows that he is dedicated to his clients’ success,” according to Tim Sheridan, Steward Partners’ Divisional President. “Our new Morristown office has been growing fast, and we couldn’t be happier to welcome someone with Ken’s stellar record and impeccable client relations skills, to continue the momentum we’ve been generating in the Garden State over the last year.”
Also moving to Raymond James from Morgan Stanley are advisors Matthew Shafer, CIMA, Mark Barber and Jeffrey Winkler. They join the employee channel in Boca Raton, Florida, with other offices in Boston and Grosse Pointe, Michigan.
The three reps manage some $475 million of client assets and mainly work as a fee-based financial planning practice. Also joining the team at Raymond James is investment portfolio associate Joseph Danley and senior client service associate Danielle D’Ambrosio.
“After an exhaustive search of all the options in our industry, we found Raymond James to be the best fit for us and our clients going forward,” according to Shafer, managing director. “The firm offers us flexibility to run our practice and has extensive resources so that we can offer customized solutions to meet our clients’ needs.”
Shafer began his career in 1997 with PaineWebber, staying with the firm after it was bought by UBS. In 2009, the team joined Smith Barney’s Citi Family Office group, and firm was later acquired by Morgan Stanley.
Barber has been in the industry since 2001, as has Winkler. The three advisors worked together in Boca Raton until 2009, when Barber moved to Boston and Winkler moved to Grosse Pointe.
“Matt, Mark and Jeff lead a successful, premier financial advisory practice. With shared values and a client-first approach, they are an outstanding addition to Raymond James,” said Bert White, South Florida complex manager based in Boca Raton, in a statement. “They are the total package, and having worked with them previously at prior firms, I am thrilled to again be partnered with them here at Raymond James.”
Meanwhile, Raymond James independent channel recruited a $285 million team from LPL Financial in Rochester, N.Y.
Tamar “Tammy” Mogilski, CLU, ChFC, CFP, and Brian Bedford, ChFC, AIF, CASL, work as Legacy Financial Planning and have some $285 million in client assets. Joining them are office manager Martha Trumbull, investment consultant Samuel Zito, client service manager Lisa Mercadel, client relations associate Kaitlyn Kuder and digital marketing associate Shayne Mogilski.
The team is based in Rochester and has offices in Shelton, Connecticut, and Oswego, New York.
“Raymond James has a culture that we believe is unique in our industry,” according to Mogilski, CEO and founding partner at Legacy Financial Planning and RJFS financial advisor. “The people at the firm really operate with a client-first approach, making sure that everything done is in the best interest of the client.”