Raymond James added 12 financial advisors in South Florida who managed a combined total of more than $2.2 billion in client assets at Merrill Lynch, Morgan Stanley and Wells Fargo, Raymond James Financial said Monday.
The advisors joined the firm's Raymond James & Associates employee advisor channel, at its South Florida Complex's Coral Gables, Fort Lauderdale, Boca Raton and Palm Beach Gardens office locations, led by manager Stephen Sullivan, according to the firm.
Raymond James Financial now has a total of about 8,300 financial advisors throughout the U.S., Canada and overseas, managing total client assets of $1.15 trillion, it said.
The new advisors joined the firm as "we continue to build on our strong presence in South Florida," according to Tash Elwyn, RJA president and CEO.
Most of the new advisors came from Wells Fargo, which declined to comment on losing the advisors to Raymond James.
Joining the Coral Gables office from Wells Fargo in May were advisors Miguel Viyella ($537 million in assets) and Rafael Sagarbarria and Oscar Gonzalez (who together formerly managed about $121 million in assets).