John J. Woods pleaded guilty last year to a scheme that spanned more than a decade and harmed hundreds of investors throughout the country, according to the Justice Department.

The hybrid platform welcomes teams overseeing $985 million in Washington and Illinois.

The former Stifel and Wells Fargo executive will serve as Northeast division director for Raymond James’ independent advisor channel.

Morningstar sourced the third-party SMAs from asset management firms including AllianceBernstein, John Hancock and others.

The addition builds on the wirehouse's ultra-high-net-worth business.

Both NewEdge RIAs announced deals this week, as did EP Wealth, Crewe Advisors and Sanctuary. Income Research + Management and Angeles Wealth named new executives.

The changes come as CEO Abigail Johnson approaches a decade running one of the world's largest money managers.