A Morgan Stanley advisor who managed more than $75 million in client assets left the wirehouse to join the independent advisory channel at Raymond James, firm said.

James Maxwell, a 30-year industry veteran, generated $1 million in production during his time at Morgan, Raymond James said. Maxwell along with Kaitlyn Rath, a registered account executive, is making the move to independence operating as Maxwell Wealth Strategies of Pleasanton, Calif.

Maxwell had been with Morgan since June 2007. His career goes back to 1987, and includes stints with the bank investment channel at Bank of America and Wells Fargo.

“I went independent so I could really own my own business and future,” he said.  “It was also important that I affiliated with a firm that offers the resources I need to create my succession plan, and Raymond James offers the type of succession planning support to help me solidify my plan.”

Two other Morgan teams, who had overseen a combined $3 billion in client assets, made moves to the employee channel at Raymond James in June.

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