Raymond James adds to talent pool with Morgan Stanley hire

The seasoned advisor brings more than two decades of industry experience.

Raymond James is bolstering its presence in the wealth management space as it brings on board a seasoned financial advisor previously with Morgan Stanley.

Operating out of Miami, Enrique Gumucio is the latest advisor to join Raymond James’s network of financial professionals offering comprehensive wealth services to their clients.

Gumucio’s expertise spans a broad spectrum of financial planning needs, from individual and family retirement preparations to sophisticated solutions for businesses and executives. At Morgan Stanley, he was responsible for managing client assets totaling around $100 million.

With a career spanning over two decades in the financial services industry, Gumucio brings a wealth of experience to his new role as a senior vice president of wealth management at Raymond James Associates.

“The combination of a robust investment and banking system coupled with readily accessible management across every department was a key factor in my decision to join Raymond James,” he said in a statement.

Gumucio’s lengthy track record in financial services, which began in 1997, includes 25 years serving at a number of institutions including Fifth Third Bank, Merrill Lynch and Morgan Stanley. His career as a broker and investment advisor registered with Finra started in 2010, according to his BrokerCheck profile.

Gumucio’s enlistment comes on the heels of news that Alex David – who led the independent advisors group at Stifel Financial Corp. as its president and CEO – has departed Stifel to join Raymond James Financial Services.

In January, Raymond James Financial Advisors welcomed $615 million in new assets as it enlisted Maier & Associates, a multigenerational family office that had previously been with LPL Financial.

Raymond James also recently announced it was bolstering its support for financial advisors looking to go independent through improvements to its Independence Plus suite of services. That program, which was originally launched over a decade ago, has allowed 450 advisors to successfully transition to independence. “We are confident that with this launch of enhanced customized and comprehensive solutions, Raymond James will continue to lead the industry in attracting future business owners,” Steve Voss, vice president of independent business consulting, said at the time.