Raymond James has poached an executive from Merrill Lynch in Texas to serve as a complex manager, Raymond James says.

Jeremy Silvas joins Raymond James & Associates, the firm’s traditional employee broker-dealer, as a complex manager tasked with overseeing the firm’s North Texas and Arkansas complex, according to a press release from Raymond James.

This includes branches in downtown Dallas, Duncanville, Fort Worth and Southlake and all RJA branches in Arkansas, the company says. Silvas is succeeding Michael Hilger, who will transition out of the role over the next 14 months, according to Raymond James.

Previously, Silvas served as the the market executive for the Greater Houston market at Merrill Lynch, Raymond James says. He first became registered as a broker in 1998 with Fidelity and joined Merrill Lynch in 2012 after stints at Citigroup and UBS, according to his BrokerCheck profile.

Earlier this month, Merrill Lynch also lost several financial advisors in Kentucky overseeing around $241 to Raymond James Financial Services, Raymond James’ independent broker-dealer.


Also in November, a pair of brokers managing $160 million at Merrill Lynch in New Hampshire joined Steward Partners Global Advisory, the employee-owned independent partnership associated with RJFS. Raymond James also lured a Merrill Lynch advisor in Beverly Hills, Calif. in October, as reported.