Raymond James welcomes ex-Morgan Stanley advisor

Raymond James welcomes ex-Morgan Stanley advisor
The California-based advisor caters to clients in the tech and biotechnology spaces.
APR 18, 2024

Raymond James announced another addition to its employee advisor division on the West Coast. The broker-dealer said Thursday that San Diego-based financial advisor Taimur "Tam" Baig, formerly of Morgan Stanley, has joined Raymond James & Associates.

Baig, who reported managing around $130 million in client assets at Morgan Stanley, has joined Raymond James’ employee advisor channel.

Baig said his move was driven by his desire for a firm that offers a comprehensive suite of services and a strong commitment to client care.

"I wanted to align with a full-service wealth management firm with the right mix of resources and dedication to clients,” he said in a statement. “Raymond James stood out for the way it approaches the experience of its advisors and available support systems.”

At Raymond James, Baig will head Be Wealth Efficient, focusing on delivering tailored financial strategies for clients, particularly those in the technology and biotechnology sectors.

"The investment platform and technology [at Raymond James] are advanced, with robust customization and self-service tools that provide added value to my unique technology-focused clientele," he said.

Baig started his career in 2009 at Merrill Lynch, followed by stints at Wells Fargo and Morgan Stanley. His leadership skills are complemented by his military background, having served in the Marine Corps and as an Air Force intelligence officer.

Raymond James recently added to its ranks in the East Coast by welcoming a Florida-based advisor from Wells Fargo.

Small-caps benefitting from AI boom too, says Federated Hermes fund manager

Latest News

Why the off-channel comms problem is far from solved
Why the off-channel comms problem is far from solved

Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."

FINRA penalizes another broker dealer for social media miscues
FINRA penalizes another broker dealer for social media miscues

FINRA has been focused on firms and their use of social media for several years.

Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney
Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney

RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.

Cantor Fitzgerald to acquire hedge fund unit from UBS
Cantor Fitzgerald to acquire hedge fund unit from UBS

The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.

Navigating life’s big transitions for women clients
Navigating life’s big transitions for women clients

Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.