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Merrill Lynch loses $150-million father-son team to Raymond James

John R. Edgecomb Sr. spent 37 years at Merrill, where his son joined him in 2007.

A 37-year Merrill Lynch veteran broker and his son have decided to join the employee unit of Raymond James.

The father-and-son duo of John R. Edgecomb Sr. and John Robb Edgecomb Jr., who managed $150 million at Merrill Lynch, will be joined by senior investment portfolio analyst Evette Mock-Hernandez and client service associate Mia Salomon. The younger Edgecomb will also manage the Raymond James office where they will be working in Austin-Barton Hills, Texas.

Mr. Edgecomb Sr. began his financial services career in 1980 at Merrill Lynch. Mr. Edgecomb Jr. joined Merrill Lynch in 2005 and began partnering with his father after graduating early from its training program in 2007.

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