Stacey Englander and Shane O’Brien have joined Raymond James Financial’s employee channel, AdvisorHub writes. They previously generated approximately $1.3 million in fees and commissions annually at Morgan Stanley, sources familiar with the pair tell the industry news website. Englander has been in the financial services industry since 1970 and with Morgan Stanley since 2012, AdvisorHub writes.
O’Brien has been in the industry since 2006 and with Morgan Stanley since 2015, according to his BrokerCheck profile.
Englander didn’t return the website’s call for comment. A Morgan Stanley spokeswoman confirmed the pair’s departure but declined further comment to AdvisorHub.
The pair is at least the second team of brokers to leave Morgan Stanley’s Boca Raton, Fla., branch, the website writes.
Earlier this month, Steven Rodman and Robert DeBlasio left that branch for Wells Fargo Advisors, according to AdvisorHub. Morgan Stanley lost advisors in Alabama, Florida and Mississippi at the same time, the website writes.
Over the past year, Morgan Stanley lost 10 brokers to Raymond James’s South Florida complex, according to AdvisorHub.