Raymond James has lured a team of four financial advisors and two support staff from UBS that managed more than $550m in client assets.
The team, which includes Stephen Erickson, Michael Martin, Scott Louder, Christopher Lussier, Diana Correa and Nancy Jones, will join the new branch of Raymond James & Associates’ (RJA’s) employee broker/dealer in Worcester, Massachusetts.
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The team, which will now operate as Elm Wealth Management, had approximately $3m in annual production.
Erickson previously worked with UBS Financial Services, Dean Witter Reynolds and Morgan Stanley. He started his career at Paine Webber Jackson & Curtis and has nearly 37 years of experience in financial services industry.
Prior to joining Raymond James, Martin worked with Morgan Stanley and UBS. He joined the financial services industry in 1998 after a career in corporate finance.
Louder has over two decades of experience in the financial services industry. He joined from UB, where he worked for 14 years and also worked for six years at Morgan Stanley.
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By GlobalDataLussier started his financial services career in 2011 at UBS.
RJA private client group president Tash Elwyn said: "We are delighted to have attracted such a respected group as Elm Wealth Management. With more than 80 years of combined industry experience, Steve, Mike, Scott and Chris are a well-established team with a proven record of providing exceptional client service."
