Raymond James Grabs $235M Advisor from Wells Fargo

An advisor who oversaw approximately $235 million in client assets left Wells Fargo for Raymond James & Associates, the firm said.

Lorayne Fiorillo joined Raymond James in Manhattan, where she reports to branch manager David Brennan. At Wells Fargo, she generated about $1.5 million in annual production, according to Raymond James.

Fiorillo is an industry veteran, having started her advisory career in 1987 with Prudential Securities, according to FINRA BrokerCheck records. That firm was later acquired by Wachovia, which was itself acquired by Wells Fargo.

Fiorillo said in a statement that she made the move in part because of Raymond James' resources and platform. While noting that she had a supportive network of women at Wells Fargo, Fiorillo also cited the Raymond James Network for Women Advisors as an additional reason for making the move.

Also making the move with her are registered sales associate Frank Pranio and senior registered client associate Anna Paczes. The team will operate as Fiorillo Financial Strategies Group of Raymond James.

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