Raymond James’ recruiting push is gathering steam, as the firm adds another of its rivals’ advisors to its growing pool of planners.

Veteran advisor and Senior Vice President of Wealth Management Linda Fulgenzi recently joined Raymond James & Associates at its Honolulu office. Fulgenzi is also serving clients out of the broker-dealers’ recently established office in Tucson, Arizona.

“I was attracted to the very strong Raymond James philosophy of advisors being the firm’s clients,” Fulgenzi said in a statement. “When we advisors take care of our clients by putting their interests first, everyone wins.”

Fulgenzi was not immediately available to comment directly.

Advisor Linda Fulgenzi has joined Raymond James Associates at its Honolulu office.
Advisor Linda Fulgenzi has joined Raymond James Associates at its Honolulu office.

“As a number of my clients retire from Hawaii and move to various places on the mainland, I am delighted to have joined a firm that is so supportive and provides me the flexibility to continue to serve my clients in their respective communities, and in particular, expand my practice in Tucson,” her statement continued.

Fulgenzi spent nine years with Merrill Lynch, according to FINRA BrokerCheck records, where she managed $113 million in client assets and more than $1 million in annual production.

Prior to Merrill Lynch, Fulgenzi spent 14 years with Citigroup, and before that she was with Lehman Brothers for five years. Fulgenzi began her financial services industry career in 1987 at E.F. Hutton in Honolulu.

Merrill Lynch has been losing some of its talent lately with one reason being concerns that it might exit the Broker Protocol. Raymond James just recruited Glen D. Smith & Associates, a firm managing $262 million in client assets, from Merrill. A team of three advisors managing $159 million just jumped ship to Stifel.

Merrill Lynch declined to comment.