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Raymond James Nabs 11 Reps From Wirehouses, Other Rivals


What You Need to Know
The new registered reps joined from Merrill, Morgan Stanley and UBS, as well as from other broker-dealers, where they managed a combined $1.2 billion.
Six advisors are now part of Raymond James affiliate Crux Wealth Advisors, while five are now in Alex. Brown.
Also this week, the firm said it received a long-term senior unsecured rating of A- with a stable outlook from Fitch.
Raymond James Financial Services has added six financial advisors to affiliate Crux Wealth Advisors from rivals like Merrill Lynch and UBS, while its Alex. Brown unit has added five advisors from rivals including Merrill, Morgan Stanley and Wells Fargo. ....

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