Oppenheimer & Co. loses $420M broker, manager to Raymond James

Oppenheimer & Co. loses $420M broker, manager to Raymond James
Philadelphia-based Richard Grobman leaves with branch's administrative manager.
MAY 15, 2017
Richard Grobman, who managed $420 million in assets and managed the Philadelphia branch of Oppenheimer & Co., has joined the employee unit of Raymond James. Mr. Grobman, who joined an Oppenheimer predecessor firm W.H. Newbold's Son & Co. in 1985, supervised about 20 financial advisers and support staff. Joining him at Raymond James is Dawn DeAngelo, his former administrative manager. In their new role, the two will help support 10 advisers and six service associates at Raymond James.

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