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$1.2B UBS Team Jumps to Raymond James

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Raymond James building A Raymond James building in St. Petersburg, Florida. (Photo: Allen L Improta/Shutterstock)

Raymond James has recruited three financial advisors who managed $1.2 billion at UBS. The team come on board in Kansas City at a new location for the firm’s employee channel and will operate as MDS Advisors of Raymond James.

The advisor group, which focuses on clients who are medical professionals, engineers, business owners and C-suite executives, includes Jared Stricklin, Darryl Dunn and Robert Meeder, along with senior sales associates Deborah Doss and Wendy Jennings.

“We were drawn to Raymond James because of the firm’s client focused culture, stability and support,” said Dunn, senior vice president of investments and managing director, in a statement.

Stricklin added: “The ability for us to truly own and run our business was a big factor, and that freedom sets the tone for everything management and support teams do here. It’s clear [Raymond James is] here to support our relationships with our clients and our continued growth. We’re excited to be part of such an advisor-centric culture.”

Team Details

With 13 years experience in the business, Dunn has focused on ultra high-net-worth families and professionals. Previously he was senior vice president at UBS Financial Services. He has an MBA from DePaul University.

Stricklin has been in the business nine years, mainly working with high-net-worth families and individuals. He served as senior VP at UBS, and holds a master’s degree in finance from University of Missouri, Kansas City.

Meeder joined the business in 1980 and specializes in market risk assessment, individual stock selection and portfolio construction. His background includes assisting corporations with raising capital, and he has an MBA from the University of Kansas.

“With aligned values and shared dedication to putting clients first, they are an incredible representation of Raymond James as we open our new RJA office and expand in the Kansas City area,” said Michael O’Meara, senior VP and Midwest Regional Director for Raymond James in Overland Park, Kansas, in a statement.

In July, Raymond James’ division Alex. Brown added a $280 million all-female advisor team from UBS. Marina Tudela, CPWA, Idalia Daguin and Gabriela Aguilar joined Alex. Brown’s Miami office. The bilingual team originally hails from Venezuela.

Raymond James earnings in the period ending June 30 were $172 million, down 34% from the previous quarter, and earnings per share was $1.23, down 32% from previous quarter. However, its advisor headcount rose by 251 to a total of 8,155 advisors independent and employee advisors.

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