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Raymond James Financial plans to drop Morgan Keegan from the name of its fixed-income arm later this month.

The announcement was made during the first quarter earnings conference in late January by Raymond James chief executive officer Paul Reilly, who updated listeners on the integration of Morgan Keegan & Co. since its purchase last April.

Reilly feels the integration and merging of the two firms has gone extremely well and is pleased with the advisors from Morgan Keegan who have stayed as they have gone thru staffing changes.

Raymond James purchased Morgan Keegan & Co. from Birmingham, Alabama-based Regions Financial Corp. last year for $1.2 billion in cash.