Raymond James said it recruited several wirehouse with close to $500 million in client assets and other advisors with nearly $470 million to its different channels in the last weeks of 2019.
A $270 million duo formerly with Merrill Lynch joined it in Peachtree City, Georgia. The group includes Christopher “CJ” Stanford, CFP, and Matthew Douglas, CFP, who are now part of the employee channel, Raymond James & Associates. Also moving with them is advisor trainee Tanner Low and client service associates Alexis Lamb and Stephanie Moore.
“It was foreign to us that we got to sit down with senior leadership like RJA President and CEO Tash Elwyn during our home office visit,” said Stanford, in a statement.
Stanford and Douglas both have been in the financial services industry for about 14 years.
Moving to RJA from UBS recently is advisor Steven LeClair, CFP, of Upper Arlington, Ohio, where he has managed $228 million. Joining LeClair are Lauren Matthiessen, CFP, and Jodi McMillan.
LeClair, who has been in the business for about 16 years, worked at UBS as a branch manager and senior vice president. Matthiessen has seven years in the industry.
In addition, veteran USAA financial advisor Kenneth Haycraft, CFP, moved to the employee channel in Scottsdale, Arizona; he managed about $300 million in client assets. Haycraft has 25 years in the business and spent much of his early career as an advisor at Charles Schwab, after serving in the U.S. Army as a first lieutenant.
The Raymond James Financial Institutions Division also added advisor Jarrod Liebel and the professionals at PeoplesBank’s PeoplesWealth Advisor Group, which earlier was affiliated with Infinex.
The bank has 16 locations in Massachusetts and four in Connecticut, as well as nearly $2.9 billion in assets; its wealth management unit has over $168 million in client assets.
“This partnership will greatly improve our ability to provide solutions that help create confident financial futures for our customers,” Liebel said in a statement. He has been in the business for 14 years and was with Raymond James from 2005 to 2010.