Raymond James has capped off the summer with a round of hires including a $500 million team from Morgan Stanley and a $100 million advisor from Jefferies.

The four advisors from Morgan Stanley, who comprise The Portland Harbor Group of Raymond James, will help build out the firm’s traditional employee office in Portland, Maine.

Together, they previously managed more than $500 million in client assets and had $3.4 million in annual fees and commissions, according to a Raymond James statement.

The advisors making the move are Chris Rogers, Steve Guthrie, Dana Ricker and David Mitchell; all are founding members of Portland Harbor.

Rogers began his financial career in 1983 at Shearson, which ultimately became Morgan Stanley. He focuses on estate planning, wealth transfer and macroeconomic research and determines the asset allocation for the group’s five investment models.

Guthrie, a 43-year industry veteran, is senior vice president of investments, focusing primarily on fixed income strategies and portfolio management.

Ricker specializes in financial, education and legacy planning, as well as retirement income strategies. He also plays a prominent role in maintaining the team’s asset allocation strategies.

Mitchell, vice president of investments at the firm, concentrates on financial planning strategies as well, according to the statement.

Raymond James also expanded its Dallas office with former Jefferies advisor Stephen Valelly. Valelly, who has 33 years in the industry, previously oversaw more than $100 million in client assets. He serves as senior vice president of investments and reports to complex manager Michael Hilger.

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