A former Morgan Stanley adviser team that managed more than $180 million in client assets has joined Raymond James, the firm said.

Mark Southwell and Bill Martin joined the regional broker-dealer in McAllen, Texas, as part of a newly opened South-Central Texas complex. The complex includes the towns of McAllen, Boerne and San Antonio, and is managed by Sam Dickson, a recent recruit from J.P. Morgan, Raymond James said.

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