Effective immediately, Thomas Seiler and Patrick Seiler become part of the company's Newton, Pennsylvania operations. Thomas started out at Merrill Lynch in 1990 before joining Smith Barney in 2005, while Patrick began with AG Edwards in 1995 and then to Merrill Lynch. The two transitioned to Smith Barney together, where they focused on high net worth clients and their families. 

In their new posts they will be working closely with Ryan Wayne, financial advisor, Nicole Morawski, senior registered service associate, and Ross Hart and Terri Schafer, client service associates.

This is not the first time the company has nabbed a team from MSSB, and in May this year Raymond James hired a trio from Morgan Stanley to set up a new wealth management group at its Westlake Village branch. (See related story here.)

Raymond James has around 5,300 financial advisors and 1.9 million accounts in 2,200 locations throughout the US, Canada and overseas. It has some $278 billion in total client assets.