Raymond James, which just announced the addition of over 900 advisors from its acquisition of Morgan Keegan, continues to expand its advisor force with the appointment of Elisabeth Baldwin.
Baldwin will be joining as a vice president in its Gainesville, Ga., branch, a legacy Morgan Keegan office headed up by branch manager Anthony Dye who was also with Morgan Keegan before the acquisition.
A 20-year veteran of the financial services industry, Baldwin was formerly with Winston-Salem, N.C.-based BB&T and oversaw $100 million in assets along with her team. Prior to joining BB&T, Baldwin was at Wachovia Securities, also in Gainesville, and Dye expects that her reputation in the community will help her carry many of those clients over to Raymond James.
“Even prior to BB&T, she had 18 years in the local market with Wachovia, so she has a lot of local contacts,” Dye said. “So, yes, we do expect her to bring over quite a number of assets.”
By June 30, 2012, Raymond James Morgan Keegan reported that its advisor force had reached 6,367, up 1,037 from 5,328 one year ago. In a statement, the St. Petersburg, Fla.-based firm indicated that it would continue its recruiting efforts as “the number of experienced financial advisor prospects visiting our headquarters has increased,” and Dye confirmed that the firm would “absolutely” be looking to grow its force going forward this year.