Raymond James has snatched away a $700 million Wells Fargo team in Huntsville, Alabama.
Former Wells advisors John Watts, Steuart Evans, Jr., Russell Henshaw and Bradford Flowers have joined Advisor Select, the independent-employee channel of Raymond James & Associates.
The team will operate as Evans, Watts, Henshaw and Flowers Wealth Management Group of Raymond James in the newly-opened Advisor Select office in Huntsville.
The four previously worked together on Wells Fargo Advisors’ Profit Formula platform, where they managed over $700 million in client assets and had approximately $3.8 million in annual revenue.
Watts began his financial services career in 1998 with Morgan Keegan and worked at Robinson-Humphrey and Prudential Securities before joining Wells Fargo in Huntsville in 2001. He is now a managing director of investments with Raymond James.
‘We are impressed with the very thorough research and due diligence conducted by the experts at Raymond James in asset management and mutual fund research. We believe we can now provide our clients with better and more varied investment solutions,’ said Watts.
Evans began his financial services career with Robinson-Humphrey in 1991. In 2002, he moved to Salomon Smith Barney and in 2003 joined Wells Fargo. Evans is now a senior vice president at Raymond James.
Flowers began his financial advisory career in 1990 with Merrill Lynch. He moved to Prudential Securities in 2001 and then to Wells Fargo in 2003. He now also holds the title of senior vice president.
Henshaw, now first vice president at Raymond James, started his financial career with Dean Witter Reynolds in 1996. He spent nine years at Legg Mason before moving to work for Smith Barney for three years. He joined Wells Fargo in 2009.