A Morgan Stanley team that managed more than $665 million in client assets left the wirehouse to join Raymond James & Associates, the firm said.
The six-advisor team generated nearly $4 million in annual revenues while at Morgan.
The team, now operating as the Horizon Group, joins Raymond James in Grand Blanc, Mich., where team member Terrence Andrysiak will serve as branch manager. Grand Blanc is a suburb of Flint.
Andrysiak was the branch manager in Flint for Morgan, a spokeswoman for the wirehouse confirmed.
The move follows several notable pickups for Raymond James. Recently, a $2.4 billion team left Morgan to join Raymond James in Miami. And last month the firm's independent channel recruited two Wells Fargo advisors who generated more than $2 million in annual revenues. Those advisors joined Raymond James in Fargo, N.D.
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Andrysiak said in a statement that they made the move to Raymond James because they were attracted to the firm's culture.
Members of the Horizon Group include advisors William H. Moeller, Jennifer Olsen, Dana Czmer, Adam Coselmon and Michael Drainville.
Andrysiak started his career in 1993 with New England Securities, according to BrokerCheck. Andrysiak joined Smith Barney in 2006, staying through that firm's merger with Morgan.
Moeller is a nearly fifty-year veteran of the industry, having started his own firm, W.H. Moeller & Co., in 1967. He later worked for firms like E.F. Hutton and UBS. In 2006, Moeller and Coselmon, who was part of his team, joined Andrysiak's team at Smith Barney.
Olsen and Czmer joined the team a year later, according to a statement from Raymond James.
Also moving with the team are sales associate Lindsey Olsen as well as senior registered client service associates Linda Perini, Kristie Murray and Melissa Faculak.
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