What You Need to Know
- The teams, along with two other advisors from Merrill and LPL also moving to Raymond James, manage a total of $686 million in client assets.
- The new advisors join Boston Harbor Wealth Advisors, a independent affiliated firm with several offices in the Northeast.
Raymond James has added two advisory teams from Morgan Stanley and MassMutual, as well as two advisors from other firms. Collectively, these new registered representatives manage a total of $686 million in assets.
The new advisors join Boston Harbor Wealth Advisors, a independent affiliated firm with offices in Connecticut, Massachusetts, New Hampshire, New York and Ohio. With these additional advisors, BHWA manages about $2.7 billion in assets, Raymond James says.
“We’re proud to welcome these financial advisors to Raymond James as the firm continues to expand in the Northeast and we look forward to our continued alignment with Boston Harbor Wealth Advisors and their growing network of financial advisors,” according to Shannon Reid, Northeast division director for RJFS, in a statement.
The Fairfield, Connecticut-based advisory team of Bill Sherlach, Jim Mead and Sal Trombetta operate as IST Group and join from Morgan Stanley, where they managed about $336 million in assets.
Sherlach and Trombetta both join Raymond James after 12 years at Morgan Stanley and over 25 years at Merrill Lynch. Mead was with Morgan Stanley for five years before joining Raymond James.