Raymond James snags Morgan Stanley duo

The advisers, who previously managed more than $934 million, join the firm's employee broker-dealer channel.
NOV 20, 2013
Raymond James Financial Inc. has hired a Georgia-based team of financial advisers that managed nearly $1 billion at Morgan Stanley, company officials said Wednesday. Richard B. Swift and Jeff A. Dakin, a Columbus, Ga.-based team operating as Swift Wealth Management Group, have joined Raymond James & Associates, the firm's employee broker-dealer business. Their practice serves local families and businesses as well as pension and retirement plans for local companies, endowments and foundations. The advisers managed more than $934 million for clients and earned $1.2 million in annual fees and commissions. Mr. Swift and Mr. Dakin both started working at Robinson-Humphrey Co., a brokerage acquired by a Morgan Stanley predecessor, in the 1990s. Christine Jockle, a spokeswoman for Morgan Stanley, did not immediately respond to a request for comment.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound