Raymond James has taken on Karl Rothermund as senior vice president of investments in the Scottsdale, AZ, office of Raymond James & Associates, a broker-dealer subsidiary of New York-listed Raymond James Financial.

Rothermund joins Raymond James from Morgan Stanley Smith Barney (now Morgan Stanley Wealth Management), where he managed $80 million in client assets and had about $1 million in production. He has 35 years of experience in the financial services industry and is joined by his son, Ryan Rothermund, associate vice president of investments, and registered service associate Susan Dover - with whom he has partnered for over nine years.

In other related news, at the end of October Raymond James & Associates appointed Mark Teed as senior vice president of investments in the Springfield, MA, office. Back in July, the firm also added Lisa Detanna as senior vice president of investments within its Los Angeles branch.

Through its four broker-dealer subsidiaries, Raymond James Financial has over 6,300 financial advisors across 2,600 locations in the US, Canada and abroad. It has about $372 billion in client assets, some $38 billion of which are managed by the firm’s asset management subsidiaries.