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Raymond James & Associates Opens Its Doors In Manhattan

Eliane Chavagnon

9 December 2014

Raymond James & Associates, the traditional employee broker-dealer of Raymond James Financial, has hired a team of advisors from JP Morgan to open RJA's first office in Manhattan.

Operating as Quattuor Capital Partners of Raymond James, the team previously managed almost $900 million in client assets and had annual production in excess of $6.7 million. The team is led by managing director Howard Franzblau and also includes: managing directors Richard Devine, Wayne Froud and David Brennan; senior investment management specialists Jason Franzblau and Al Myrie; senior registered sales associates Stacy Galli and Yvette Viani; and senior sales associate Mitzi Phillips.

Franzblau began his career as a financial advisor at Merrill Lynch in 1983 and then joined Oppenheimer & Co before moving to Bear Stearns, the predecessor firm to JP Morgan Securities.

Devine has over 30 years of experience in the financial services industry having begun his career at Drexel Burnham Lambert. He then spent 17 years at Oppenheimer & Co as a senior vice president of private client services and as a managed money consultant.

Froud, meanwhile, first entered the financial services industry in 1981 at Merrill Lynch in Sydney, Australia, moving two years later to New York to join Oppenheimer & Co, where he spent the next 20 years and then the past ten years with Bear Stearns and JP Morgan Securities.

Lastly, Brennan began his financial services career as a credit analyst at Chemical Bank of New York in 1982, followed by stints as an account executive with Merrill Lynch, a lending officer at Citibank, and in 1998 he founded the professionals alliance group at Oppenheimer & Co. In 2003, Brennan joined Bear Stearns as a financial advisor and managing director prior to the firm’s acquisition by JP Morgan.