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Dow Industrials Edge Higher
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Raymond James’s Deutsche Deal Shines, But Threats Loom

The brokerage has to prevent rivals from poaching the Deutsche brokers before the deal closes

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Raymond James Financial Inc. says more than 90% of the roughly 200 brokers of Deutsche Bank AG’s U.S. private client services unit have agreed to join the regional brokerage, following Raymond James’s agreement in December to buy the bank unit.

But, with deal’s closing still months away, Raymond James now has to keep them from being poached by rivals.

St. Petersburg, Fla.-based Raymond James has taken several steps to court the...

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