Raymond James nabs $600M advisor duo from Merrill

Raymond James nabs $600M advisor duo from Merrill
The newest hires at RayJay's bring over half a century of experience to its employee advisor channel in California.
OCT 02, 2024

Raymond James is beginning its October recruitment spree by welcoming an award-winning advisor duo formerly working under a major wirehouse.

On Tuesday, the firm announced its addition of a California-based advisor team managing more than $600 million in client assets to its employee advisor channel.

The group, now operating as Moll Henziak & Associates of Raymond James, joins from Merrill Lynch and will be based in the firm's Irvine, California branch, according to John Simmons, Raymond James & Associates California regional director.

Earlier this year, Raymond James bolstered its employee advisor division in the state with a 44-year veteran from Wells Fargo Advisors and a Stifel advisor with more than three decades' experience.

The team includes financial advisors Taryn Moll and Peter Henziak, alongside client service associates Rebecca Jonas-Engel, Jiangyun “Julie” Dale, and Matt Kearns. Recognized as a best-in-state advisor team by Forbes, the advisors will continue their focus on serving corporate executives, families, and individual clients as senior VPs of wealth management at RJA.

Moll brings over 40 years of experience in financial services, including nearly 35 years at Merrill Lynch, according to her BrokerCheck profile. She has also garnered individual recognition from Forbes as one of the best women wealth advisors in her state.

In a statement, Moll highlighted "Raymond James’ focus on advisor support and providing high-quality service" as a key factor behind the move.

Henziak, who spent over two decades with Merrill before joining Raymond James, emphasized his new employer firm's technological platforms.

Latest News

DeVoe: Record-breaking RIA M&A run led by private equity's consolidator comeback
DeVoe: Record-breaking RIA M&A run led by private equity's consolidator comeback

A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.

Fintech bytes: Advisor360, Nitrogen unveil AI updates for advisor productivity
Fintech bytes: Advisor360, Nitrogen unveil AI updates for advisor productivity

Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.

Bank of America, Morgan Stanley earnings roll despite roiled markets
Bank of America, Morgan Stanley earnings roll despite roiled markets

Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.

David Fischer of Independent Financial Group talks culture, future growth
David Fischer of Independent Financial Group talks culture, future growth

The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.

Wealth Consulting Group taps veterans from Envestnet, Emigrant Partners for new advisory board
Wealth Consulting Group taps veterans from Envestnet, Emigrant Partners for new advisory board

Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.