Raymond James nabs California advisor from Morgan Stanley

Raymond James nabs California advisor from Morgan Stanley
Jeffrey Olsen oversees nearly $200 million, operating as Olsen Wealth Management.
NOV 30, 2023

A California advisor who managed $197 million in client assets at Morgan Stanley has jumped to Raymond James & Associates, the firm’s employee channel, Raymond James announced Thursday.

Jeffrey Olsen will operate as Olsen Wealth Management of Raymond James in Roseville. He’s joined in the move by staffer Jennifer Goldsby.

The firm provides comprehensive financial planning to clients including small business owners, family offices, retirees and pre-retirees in California and Texas.

"Raymond James' overarching culture of prioritizing clients' interests was a compelling draw for our team,” Olsen said in a statement. "Moreover, I found the technology, wealth management platform and diversity of opportunity to both serve my clients and enable me to grow my practice."

Olsen has 24 years of experience, having started at Citigroup in 1999. After stints at Sigma Financial, ADP Broker-Dealer Inc. and Wells Fargo, he joined Morgan Stanley in 2010.

Direct indexing, ETFs and target-date funds on the rise, Schwab strategist says

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

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.