Raymond James snapped up another advisory team from the wire offices. Eric Werner and Vincent “Randy” Whatley are joining the firm's employee advisor channel from Morgan Stanley, where they managed approximately $350 million in client assets.
Alyssa Kerins, a senior registered client associate, will join the New Hampshire-based duo in their move to Raymond James, where they will operate as Raymond James' Northeast Legacy Group.
The addition will increase RayJay's presence in New England by establishing an office in Hanover, NH. The duo will offer wealth management and investment advice, emphasizing family office services, non-profit fund management and consulting for non-profit organizations.
At Raymond James, Werner is assuming the title of senior vice president, wealth management, along with his role as founder of Northeast Legacy.
“Our industry is changing rapidly and it is imperative that our team aligns with a firm dedicated to providing resources and tools focused on what our clients want and need,” he said.
Werner entered the industry nearly 30 years ago, with previous stints at Merrill Lynch and Citigroup before joining Morgan Stanley in 2008. Whatley has over 20 years in the industry, with 18 of those years spent at Morgan Stanley.
RayJay has poached several advisors and teams from the wire offices since the beginning of the year. At the end of last month, the firm lured the Fla.-based team. of 450 million dollars Anderson Mckelvey Group to join its independent advisor channel from Merrill Lynch.
Other examples include a Counselor of New Jersey with about $165 million in assets under management that were transferred to Raymond James from UBS. RayJay also inserted a pair of advisers from South Florida who had managed about $340 million in client assets at Morgan Stanley. David Behar and David Nagel joined the firm's employee advisor channel to form the Behar-Nagel Group of Raymond James.
Last month, the firm hired Alex David as director of the Northeast division in its independent advisor channel, taking over from Shannon Reid, who heads Raymond James' independent contractor division.
David joined RayJay from Stifel Financial, where he was president and CEO of that firm's independent contractor broker/dealer. Prior to that role, he worked at Wells Fargo as head of branch development and marketing for the independent brokerage division.