A former Morgan Stanley team has joined Raymond James in Florida.

Raymond James has recruited financial advisors John Lipari and Richard Ribek at its independent broker-dealer arm in North Palm Beach, FL.

The pair operates as the Lipari Ribek Group and will offer services through Raymond James Financial Services.

The group – which also includes client service manager Elizabeth Carter – joins from Morgan Stanley, where Lipari and Ribek previously managed approximately $250 million in client assets.

Lipari, portfolio manager, began his career as a financial advisor 32 years ago at Merrill Lynch. He became managing director at First Manhattan Company in 1992 before joining Morgan Stanley Smith Barney in 2002 as first vice president/senior portfolio manager.

Ribek began his financial services career 16 years ago at American Express, where he worked as a financial planner. In 2005, he joined forces with Lipari at Morgan Stanley Smith Barney, where he served as a second vice president. 

Carter joined Lipari and Ribek in 2007 while at Morgan Stanley Smith Barney. Prior to that, she worked as an operations manager at Singer Asset Finance and as an associate project manager at Nortel Networks.