Raymond James lands Morgan Stanley adviser in Georgia

Raymond James Financial Inc has expanded its adviser force in Georgia with a veteran hire from top U.S. brokerage Morgan Stanley Wealth Management, the company said on Wednesday.

_0">

Adviser Cynthia Woodsmall Jones, who managed more than $435 million in client assets at Morgan Stanley, moved to Raymond James in May after more than three decades with her former firm. She had an annual production of more than $1 million.

 

Jones joined Raymond James & Associates, the company's traditional employee broker-dealer division. She was joined by registered sales associate Brenda Meadows, also from Morgan Stanley, and is based in the firm's Columbus, Georgia, office.

Jones specializes in asset management for high-net-worth individuals and families and advises on corporate retirement assets, including 401(k) plans. She started her career in 1981 at Robinson-Humphrey & Co, staying with the firm through a series of mergers and acquisitions before joining Morgan Stanley.

Morgan Stanley Wealth Management, majority-owned by Morgan Stanley, formed from the merger of Morgan Stanley's wealth unit and Citigroup Inc's Smith Barney in 2009. It is the largest U.S. brokerage by adviser headcount and client assets.

Morgan Stanley confirmed Jones' departure, but declined to comment further.

St. Petersburg, Florida-based Raymond James also has an independent broker-dealer division in the United States and smaller brokerage units in Canada and Britain.

With its broker-dealer subsidiaries, Raymond James had 6,297 advisers and representatives who managed $406.8 billion of client assets as of the end of March.

(Reporting by Ashley Lau in New York; editing by Matthew Lewis)

Popular posts from this blog

'I was his Christian Grey fantasy.' Ex-girlfriend Paige Lorenze says Armie Hammer carved an A into her groin area as she warns 'narcissistic' actor could 'seriously injure another woman' with his BDSM obsession

Model Stella Tennant dies 'suddenly' aged 50 as her family pay tribute to 'wonderful woman and an inspiration to us all'

Teenage boy, 15, charged after allegedly having sex with two 12-year-old girls and recording the encounter on his phone - but he's still allowed to go to school with them while on bail