Two advisors generating about $1.5 million in combined annual revenue left Oppenheimer and Wells Fargo for Raymond James, a director at the firm said.

James McDermott and Matthew Gall joined Raymond James' employee side in Chicago, John Kuklenski, the firm's northern division director, said in a statement. Both report to Brian Lampsa, branch manager.

McDermott and Gall made the move in October, according to FINRA BrokerCheck records. Together, they oversaw about $110 million in combined client assets.

McDermott started his financial services career as an investment banking analyst at Salomon Brothers, according to Raymond James. In 1994, he became a financial advisor at Prudential Securities, according to BrokerCheck records. He later worked for Smith Barney and Wells Fargo before joining Oppenheimer in 2011.

Gall started his advisory career at Merrill Lynch in 1996, according to BrokerCheck. He stayed at the wirehouse for four years before joining Smith Barney. In 2004, Gall moved to A.G. Edwards, and stayed through that firm's later merger with Wells Fargo.

Also making the move to Raymond James are senior registered service associate Katie Carlson and senior client service associate Cynthia Collings Reid.

Read more:

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access