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

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.