The regional broker-dealer has nabbed teams managing more than $4.9 billion in client assets from wirehouses in the last month and a half, according to company announcements.
But Raymond James isn't alone. Overall, regional firms emerged with a number of new hires. They recruited more than a dozen teams, primarily from the wirehouses, which managed approximately $7.1 billion in client assets.
Scroll through to see these and other recent hires.
Raymond James nabs $3.5B UBS team
Raymond James' new 10-person team deals, in part, with institutional investments, helping to prop up the team’s overall assets under management, according to a company spokesperson. About a third of the assets the advisors oversaw were retail, and approximately two-thirds were institutional.
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