Vic Howie, Paige Passerallo and Dustin Lisk have joined Raymond James & Associates, the firm’s traditional employee broker-dealer, in Charlotte, N.C., as HPL + Associates Planning and Wealth Management of Raymond James, according to a press release from the firm.
The team previously managed $240 million at Merrill Lynch, Raymond James says. They’re joined by marketing and business development consultant Mark Passerallo and senior client associate Taylor Racer, according to the press release. Raymond James doesn’t disclose whether the Passerallos are related.
“We found through due diligence that everyone at Raymond James is focused on putting the client first,” Howie says in the press release. “We saw this happen from start to finish, from people in the back room all the way to the top — it was quite remarkable. In addition, the in-house marketing agency is very well-established and very professional, and that stood out to us during our home office visit in St. Petersburg, Florida.”
Howie had spent 21 years with Merrill Lynch parent company Bank of America and 10 years with Merrill Lynch before joining Raymond James, the company says. Passerallo has been in the financial services industry for 18 years, having joined Merrill Lynch from Wachovia Bank’s personal trust department, according to the press release. And Lisk began his career with Merrill Lynch 16 years ago, Raymond James says.
Meanwhile, Jeffrey Gonyo has been named head of recruiting at Steward Partners Global Advisory, the independent partnership associated with Raymond James Financial Services, Steward Partners says. He’ll work with Kirstie Eustace, head of human resources, and Gregory Banasz, head of business development, to zero in on advisor prospects for the firm, according to a press release from Steward Partners.
Gonyo is currently serving as divisional president overseeing the Mid-Atlantic region, Steward Partners says. He began his financial services industry career in 1993 with Merrill Lynch and came to Steward Partners in 2014 from Morgan Stanley Smith Barney, where he had served as a branch manager, according to the press release.
Earlier this month, Raymond James poached a Merrill Lynch executive to serve as a complex manager overseeing the firm’s North Texas and Arkansas complex.
Also in November, Raymond James Financial Services, the firm’s independent broker-dealer, nabbed several Merrill Lynch financial advisors in Kentucky overseeing around $241 million while Steward Partners Global Advisory, the employee-owned independent partnership associated with RJFS, picked up a pair of brokers managing $160 million at Merrill Lynch.