March 8, 2011 / 4:22 PM / 7 years ago

Raymond James nabs $850,000 broker team from UBS

NEW YORK, March 8 (Reuters) - Raymond James Financial (RJF.N) on Tuesday said it hired two veteran UBS UBSN.VX brokers in South Carolina.

The Florida-based firm recruited Carolyn Edwards and Roy Seay, a team in Mount Pleasant, South Carolina, that manages $125 million in client assets and generated $850,000 of commissions and fees over the past year. They will operate as the Seay/Edwards Group of Raymond James & Associates, the firm’s branch brokerage network.

    The pair joined in late January, according to FINRA’s BrokerCheck.

    Seay, a broker since 1977, spent 11 years as a divisional vice president with UBS, and was previously a branch manager at J.C. Bradford & Co. The Nashville-based brokerage was acquired by PaineWebber in 2000, a few months before UBS bought PaineWebber.

    Edwards, a 17-year veteran of the brokerage industry, spent 11 years at UBS and also has worked at J.C. Bradford and for a broker-dealer owned by the former Wachovia Corp.

    Reporting by Joseph A. Giannone

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