People Moves

Raymond James Makes Senior Hire For New West Virginia Branch

Eliane Chavagnon Reporter 29 November 2012

Raymond James Makes Senior Hire For New West Virginia Branch

Raymond James has recruited John Dorsey as senior vice president of investments and branch manager at its new Huntington, West VA, office of Raymond James & Associates, a broker-dealer subsidiary of New York-listed Raymond James Financial.

Joining Dorsey as senior client service associate in the Huntington branch from Morgan Stanley Wealth Management is Angela Watson, said Rusty Clark, complex manager at the firm's Great Lakes division.

Dorsey began his financial services career in 1978 with EF Hutton and stayed with the same firm through various acquisitions and mergers - eventually joining Raymond James from Morgan Stanley Wealth Management. At Morgan Stanley, he managed over $215 million in client assets and had more than $800,000 in annual fees and commissions.

Raymond James said it has a dozen affiliated offices in West Virginia that are managed by independent contractors or bank-based advisors.

In a related move earlier this month, the firm took on Karl Rothermund as senior vice president of investments in the Scottsdale, AZ, office of Raymond James & Associates. Rothermund joined from Morgan Stanley Smith Barney.

Through its four broker-dealer subsidiaries, Raymond James Financial has over 6,300 financial advisors across 2,600 locations in the US, Canada and abroad. It has about $372 billion in client assets, some $38 billion of which are managed by the firm’s asset management subsidiaries.

 

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