RJ retires Keegan brand early

Completes integration of Morgan Keegan financial advisers and their clients onto the company's technology platform
APR 22, 2013
By  AOSTERLAND
Raymond James Financial Inc. has completed the integration of Morgan Keegan financial advisers and their clients onto the company's technology platform 10 months after closing on the acquisition of the firm. It also announced the retirement of the Morgan Keegan & Co. Inc. brand a year ahead of expectations. The brokerage firm's management said that Raymond James has retained about 95% of the revenue associated with Morgan Keegan advisers who were offered retention packages. Raymond James acquired Morgan Keegan from Regions Financial Corp. last year. More than a dozen senior executives at Morgan Keegan, including former chief executive John Carson, also joined the company. Legacy Morgan Keegan advisers have dropped the name of their old firm. Raymond James initially had ex-pected to keep the name on the fixed-income side of its business for another year. According to the company, however, Morgan Keegan executives asked for the brand to be retired sooner.

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