Raymond James & Associates Inc. announced today it has hired former Morgan Stanley Smith Barney financial advisors Scott Cutliff, Donald Horras and Patricia Polster. The team, which is lead by Cutliff and has $204 million in assets, will work for Raymond James in Fort Lauderdale, Fla.
The trio, also known as Sunset Financial Group, has annual fees and commissions of about $1.5 million. The members specialize in financial planning and asset management for high-net-worth individuals and families.
Cutliff has more than 16 years of industry experience. Horras brings more than 30 years of experience, while Polster has been in the industry for 34 years.
“We are thrilled to be a part of Raymond James,” said Cutliff, vice president, investments. “After looking at several firms, we found Raymond James’ culture to be the best fit for us and our clients. The firm’s reputation for advisor support and its client-first culture assure us that we made the right decision.”
Raymond James & Associates is a financial services holding company. Through its four broker-dealer subsidiaries, Raymond James Financial has more than 6,300 financial advisors serving 2.4 million accounts in more than 2,600 locations throughout the U.S., Canada and overseas. Total client assets under administration are approximately $388 billion.