Richard Grobman has been hired by Raymond James & Associates to head its Philadelphia office as managing director, investments, Raymond James announced Monday.
Also joining Raymond James is Dawn DeAngelo, who will be branch administrative manager in the Philadelphia office. Grobman and DeAngelo will oversee 10 advisors and six administrative staff who manage more than $1.5 billion in assets.
The two worked together at Oppenheimer & Co. At Oppenheimer, Grobman was responsible for approximately 20 financial advisors and support staff and managed more than $420 million in client assets.
The move will help Raymond James, based in St. Petersburg, Fla., expand in the Philadelphia area, says Tony Barrett, Delaware Valley complex manager of Raymond James & Associates.
“I am looking forward to building upon the presence we already have in the Philadelphia market and attracting additional experienced advisors to the firm,” Grobman says.
Grobman began his career with W.H. Newbold’s Son & Co., which became Oppenheimer. DeAngelo began her financial services career at Hopper Soliday & Co., which was acquired by Fahnestock & Co., a predecessor firm to Oppenheimer.