Indie managing $415 million moves to Raymond James from LPL

Elite Financial Management, which manages $415 million in Dallas, has switched affiliations to the independent unit of Raymond James from LPL Financial. Making the change are firm head Bill Dendy, three advisers — Kibb King, John Thompson and Todd Pace — and associates Eamon Devlin and Madison Montgomery. Also joining them, from the firm of B. Riley, is financial adviser Bruce Lewin. Dendy, who has spent more than 26 years in the investment business, began his financial services career with Shearson Lehman Hutton in 1991. He was affiliated with LPL for 15 years.