Raymond James gets Merrill Lynch, Morgan Stanley advisers managing $560 million

Four advisers join employee-channel offices in New York's Westchester and Long Island suburbs.

An adviser who managed $230 million at Merrill Lynch on Long Island and three advisers who managed $330 at Morgan Stanley offices in Westchester and Long Island have joined offices of the employee unit of Raymond James in the New York suburbs.

Arthur Springer was a Merrill Lynch veteran, who began his career there in 1985. He will work at Raymond James’ Woodbury, N.Y., office with his associate Alissa Papaleo.

(More: UBS team managing $250 million moves to Raymond James affiliate.)

Charles Seller and Michael Salvatore managed more than $200 million as partners at Morgan Stanley in Westchester. Mr. Seller had worked for Morgan Stanley and its predecessor firms since 1979. Mr. Salvatore joined him in 1994 at Smith Barney.

(More: Wells Fargo team jumps to Raymond James.)

Christopher Nolan, who managed $130 million at Morgan Stanley on Long Island, will work in the Raymond James office in Garden City. After working in his family’s restaurant business, he began his financial services career in 2001 at Smith Barney, spent seven years with UBS, and rejoined Morgan Stanley in 2009.