A team that oversaw $1 billion in assets left Stifel to join Raymond James' employee channel, the firm said.
The Goeas Group generated approximately $1.25 million in annual revenue, according to Raymond James. The team is comprised of Larry Goeas, his brother Leo, and sales associates Lehua Pahia and Sally Kihoi. They will operate from Raymond James & Associates' first branch in Honolulu.
Larry Goeas will serve as branch manager of the new office, Raymond James says.
He started his financial services career in 1983 with Lehman Brothers, according to FINRA BrokerCheck records. Goeas has additional work experience at Smith Barney and A.G. Edwards. Goeas had been with Stifel since 2008.
Leo Goeas, a former NFL player, joined his brother at the firm as a financial advisor in 2010. He is a graduate of the University of Hawaii, like his brother. In 1990, Goeas was drafted by the San Diego Chargers. During his seven year career in the NFL, he also played for the St. Louis Rams and Baltimore Ravens.
Rick Sanchez, the west coast regional director for Raymond James & Associates, said that the firm anticipates further growth in the state.
"We look forward to continuing this momentum and growing the firm's presence even further in the Hawaiian Islands as well as the Pacific region more broadly," he said in a statement.
A spokesman for Stifel declined to comment on the departures.
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