Raymond James snags Morgan Stanley duo

The advisers, who previously managed more than $934 million, join the firm's employee broker-dealer channel.
NOV 20, 2013
Raymond James Financial Inc. has hired a Georgia-based team of financial advisers that managed nearly $1 billion at Morgan Stanley, company officials said Wednesday. Richard B. Swift and Jeff A. Dakin, a Columbus, Ga.-based team operating as Swift Wealth Management Group, have joined Raymond James & Associates, the firm's employee broker-dealer business. Their practice serves local families and businesses as well as pension and retirement plans for local companies, endowments and foundations. The advisers managed more than $934 million for clients and earned $1.2 million in annual fees and commissions. Mr. Swift and Mr. Dakin both started working at Robinson-Humphrey Co., a brokerage acquired by a Morgan Stanley predecessor, in the 1990s. Christine Jockle, a spokeswoman for Morgan Stanley, did not immediately respond to a request for comment.

Latest News

Mercer Advisors lands third-biggest deal to date with Full Sail Capital
Mercer Advisors lands third-biggest deal to date with Full Sail Capital

With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.

Fintech bytes: FP Alpha rolls out estate insights feature
Fintech bytes: FP Alpha rolls out estate insights feature

Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.

Morgan Stanley, Atria job cut details emerge
Morgan Stanley, Atria job cut details emerge

Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.

Envestnet taps Atria alum Sean Meighan to sharpen RIA focus
Envestnet taps Atria alum Sean Meighan to sharpen RIA focus

The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.

LPL, Evercore welcome West Coast breakaways
LPL, Evercore welcome West Coast breakaways

The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.

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.