Raymond James snags Morgan Stanley duo

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.