Raymond James is looking to deliver on their objective of establishing a number of new RJA offices in the western part of the country. They currently have 10 offices in California and recently hired a former Morgan Stanley manager, David Wright, to open its first office in Seattle.
The expansion continues down the coast to San Diego, where Raymond James has tapped Kevin Monaco (another prior Morgan Stanley manager since 1997) to help the firm build out its Southern California presence. It is our understanding that recruiting is underway for the new San Diego office.
Raymond James currently has around 6,300 advisors in its independent and employee brokerage.