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Merrill Lynch Loses $675 Million Advisor Team to Raymond James

·2 min read
Merrill Lynch Loses $675 Million Advisor Team to Raymond James
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Four Merrill Lynch advisors who oversaw $675 million in client assets left the wirehouse to join Raymond James Financial the latest team to part ways with the thundering herd. Joel Moline, Scott Mercer, Bassem Abou-Zeid, and John Sullivan joined Raymond James & Associates, the company’s employee advisor channel, in Minneapolis, where they report to complex manager Peter King. The team calls itself Moline Mercer Wealth Management Group of Raymond James.