People Moves

Raymond James Nabs $204 Million Advisor Team From Morgan Stanley

Eliane Chavagnon Reporter December 17, 2012

Raymond James Nabs $204 Million Advisor Team From Morgan Stanley

Raymond James & Associates has added a trio of financial advisors in Fort Lauderdale, FL, from Morgan Stanley Wealth Management.

Scott Cutliff, Donald Horras and Patricia Polster - who make up the Sunset Financial Group - previously managed over $204 million in client assets and had annual fees and commissions of about $1.5 million.

Horras and Polster serve as senior vice presidents of investments and together have 64 years of industry experience. Cutliff has about 16 years of industry experience. The trio specialize in financial planning and asset management for high net worth individuals and families.

Last month, Raymond James & Associates took on Karl Rothermund as senior vice president of investments in the Scottsdale, AZ, office. Rothermund also joined from Morgan Stanley Wealth Management, where he managed $80 million in client assets and had about $1 million in production.

Raymond James & Associates is a broker-dealer subsidiary of New York-listed Raymond James Financial.

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