A Wells Fargo team that oversaw $288 million in client assets has joined Raymond James & Associates, according to the firm.
John Solomon, Phil Greer, Bill Dukelow and Hamilton Neal joined the employee channel at Raymond James in Ponte Vedra Beach, Florida. The move was made earlier this month, several weeks after the new regulatory guidance targeting back-end compensation in recruiting packages was issued by the Department of Labor.
Plus, advisers with $450M in combined AUM join Benjamin Edwards.
Also joining Raymond James are client associates Samantha McMillan and Lindsay Navin. The team had $1.7 million in annual production while working for Wells Fargo, Patrick O'Connor, coastal regional director at Raymond James said.
Solomon started in the financial services industry in the early 1960s, according to Raymond James and FINRA BrokerCheck records. His career includes two stints at Prudential Securities, a firm that was acquired by Wachovia Securities, which was later acquired by Wells Fargo.
Greer, who followed a similar path to Wells, began his career with Merrill Lynch in 1999.
Dukelow, whose career started in 1987, also worked for Prudential, PaineWebber and Legg Masson, according to BrokerCheck. Neal joined Wells Fargo in 2010 and has worked for Morgan Keegan, Amsouth Investment Services, Wachovia Securities and UBS.
A Wells Fargo spokeswoman confirmed the departures and declined to comment further.
