Raymond James says it has recruited an advisor team with annual production of $1.3 million to its independent broker-dealer operation.

Prior to joining Raymond James, branch managers Peter Chapman and Michael Cardwell, along with advisors Patrick Fazio and Juan E. Papadopulos, managed nearly $175 million in client assets at Wells Fargo, according to an announcement. The team now operates as Chapman & Cardwell Capital, an independent firm in Marathon, Fla., offering securities through Raymond James Financial Services.

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