Raymond James has added a Merrill Lynch duo with almost a million in production to its traditional employee broker/dealer arm.
Veteran advisors Jeff Faucette and Tony Williams join in the Huntington, W.Va., office and are the latest in a series of wirehouse teams hired to the firm this year. Raymond James announced in its first quarter earnings report it was continuing to forge ahead in its recruitment efforts after the departure of some lower producing Morgan Keegan advisors caused a slight decline in headcount.
The duo forms The Williams Faucette Advisory Group and previously oversaw $124 million in client assets.
Both have a long-standing history in the financial services industry. Faucette is a 27-year industry veteran who began his career at Banc One Investment Management Group and had been at Merrill Lynch since 2002.
A 34-year industry veteran, Williams had been at Merrill Lynch for the extent of his career. For the past 22 years he was the resident manager of the Huntington, W.Va., office of Merrill Lynch. He joins Raymond James as senior vice president of investments.
The firm had close to 5,500 advisors in its U.S. divisions according to its first quarter earnings report.