Their father worked for Raymond James, but 3 sisters quit for Ameriprise
A team comprised of three sisters left Raymond James, the regional broker-dealer where their father had worked for more than a decade, to join Ameriprise.
The group oversaw $141 million at their former employer, according to Ameriprise.
Erin Wynn Masters, Galin Wynn Crist and Kirstin Wynn Moore joined Ameriprise's employee branch in Ormond Beach, Florida, where they report to branch manager Daniel Landrau.
Regional brokerages such as Raymond James and Ameriprise have been on a recruiting tear this year, taking the lead from the wirehouses. But the loss of a team is somewhat unusual for Raymond James, which has approximately 7,300 advisors. Rival brokerages have only made five such hiring announcements so far this year, according to data compiled by On Wall Street.
The sisters' departure from Raymond James follows their father's retirement from the firm; Gregory Wynn was a 41-year industry veteran who started working at Raymond James in 2002, according to FINRA BrokerCheck records. He retired from the St. Petersburg, Florida-based firm three years ago, according to Ameriprise.
Erin Wynn Masters started her advisory career at Prudential Securities in 1996. Though her father was also registered with the firm at the time, they worked independently, according to Ameriprise.
She joined her father's practice at Raymond James in 2008, according to BrokerCheck.
Her sisters were already working with their father. Crist, also an advisor, got her start in the business with Dean Witter in 1990, where Greg Wynn was working at that time. Moore serves the team as a client service associate.
Masters said they made the move because of the Minneapolis-based firm's platform.
"We’re leveraging Ameriprise resources ― specifically their branding, marketing and digital capabilities ― to grow our client base," she said in a statement.
A spokeswoman for Raymond James confirmed their departure, but declined to comment further.