Raymond James has hired financial advisor Thomas K. Sutter from Morgan Stanley, marking the latest in a string of recruits that have joined the company from the wirehouse.
Sutter joins Raymond James & Associates, the company’s employee advisor channel, in Beverly Hills, California, the company announced Friday.
The advisor, who managed approximately $160 million in client and institutional assets at Morgan Stanley, now serves as managing director and senior vice president of wealth management at Highmark Capital Management of Raymond James. The company’s clients include business owners, corporate executives, and high net-worth families.
“After years of helping clients navigate complex decisions, I’ve learned that the right environment can elevate the impact I'm able to have on my clients,” said Sutter, in a statement. “Raymond James’ people-first culture deeply aligns with how I approach every relationship.”
Raymond James has been aggressive in luring breakaways from Morgan Stanley. Last year Raymond James & Associates hired the Huntington, West Virginia-based team of Jefferey Biederman, Jr. and Andrew Burns, who had managed over $465 million in client assets at the wirehouse.
Also last year, the company brought in the Salt Lake City-based team of Jim Phillips and Aaron Phillips, who joined Raymond James Financial Services from Morgan Stanley, where they managed nearly $500 million in client assets.
In September 2025, Newton Lower Falls, Massachusetts-based financial advisor Craig Slater also joined Raymond James Financial Services from Morgan Stanley, where he managed over $120 million in client assets.
Separately this week, Raymond James Financial Institutions Division welcomed financial advisor Nick Bronson to First Mid Wealth Management, which is part of First Mid Bank & Trust. Burlington, Iowa-based Bronson manages approximately $355 million in client assets. He was previously affiliated with LPL Financial as part of Two Rivers Bank & Trust, which was acquired by First Mid in October, 2025.
Choice anxiety, prestige bias, and the temptation to make selections based on outsourced confidence are just some of the parallels between investing and the world of wine tasting.
Regulators found Bank of America's monitoring software had a known flaw Merrill left uncorrected for years.
While AI has become a go-to research tool for affluent investors, new HSBC research suggests human advisors remain the deciding voice when investment decisions are made.
A 5-4 ruling preserves the Federal Reserve's independence for now, but the legal fight over presidential removal power is far from settled.
For years, large firms have been facing penalties and questions from regulators over interest rates for clients’ cash accounts.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
