A JHS Capital team with $200 million in client assets has joined Aegis Capital's employee channel, the firm said.
The eight-advisor team, now working out of the Aegis office in Portland, Ore., had an annual production of $2 million while at JHS, according to an Aegis spokesman.
Team members include; branch manager Eric Davidson and investment directors Louis Baudendistel, Glen Davis, Edward Jeffery, Peter Jones, Douglas McCaslin, Matthew Miller and Asa Savage. Prior to joining JHS in 2012, the team was with Paulson Investment Company in Portland, Ore., according to FINRA.
Their move to Aegis comes just months after Ameriprise Financial announced that it had purchased JHS.
Davidson got his start in the industry at U.S. Bancorp in 1996 and later worked for M.S. Howells, UBS and Merrill Lynch, according to FINRA BrokerCheck records.
Baudendistel spent time at Hartford Equity, Alpen Securities and Merrill Lynch before joining the team at Paulson in 2010, FINRA says.
Davis started his career with Paulson in 1982 and stayed with the firm until the team's move to JHS, FINRA records show. Jeffrey started his career at Paulson 10 years later in 1992, according to FINRA.
After working together at Kidder, Peabody & Co.in the '80s, McCaslin and Miller moved to UBS before joining Paulson in 2009, FINRA records show.
Prior to joining the team at Paulson in 1998, Savage had a brief stint at Tri-America Securities in 1997, FINRA says. Jones spent a year at Wedbush and four years at June S. Jones before joining Paulson in 1985, according to BrokerCheck.
With a focus on high-net-worth retail clients, corporate entities and family offices, the new Aegis team will specialize in equity and fixed-income securities, according to statements from Aegis.
Aegis recently acquired three advisors from UBS and Oppenheimer with a combined $190 million in AUM.
The firm currently has around 400 advisors, an Aegis spokesman says.