Raymond James & Associates announced the opening of a new branch in San Rafael, Calif., on Thursday, to be staffed by Morgan Stanley veterans Shannon Bennett and Vicki Gray.
The duo will operate as the Gray Bennett Group of Raymond James.
Bennett, who was named senior vice president, investments, of the new branch, brings over 14 years of experience at Morgan Stanley and Citigroup Global Markets to the firm.
Gray, also named senior vice president, investments, of the new branch, also worked with Bennett at Citigroup and Morgan Stanley. Previously, she spent 20 years as president of her own asset management business.
While at Morgan Stanley, Bennett and Gray managed $140 million in client assets and had an estimated $1.1 million in annual fees and commissions.