Two advisers managing $138 million in client assets left Wells Fargo to join Raymond James’ employee channel, according to their new firm.
Sam Kim and Scott Mann of Kim Wealth Management jumped to the regional broker-dealer in a suburb of Washington, D.C., Raymond James announced this week. The pair, who generated $1 million in annual production, mark the firm’s
Raymond James has added
A spokeswoman for Wells Fargo Advisors declined to comment on their departure.
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The regional firm has added at least 17 ex-wirehouse advisers in the first three months of the year.
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The new recruit is an industry veteran, having spent more than two decades at Wachovia and Wells Fargo.
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The group is led by a veteran adviser who started her career in the late 1980s.
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Over 50 advisers have now joined the independent firm, which is affiliated with Raymond James.
March 20
The firm also recruited an international wealth management team that oversaw $576 million, according to our latest roundup of recent hires and moves.
The move starts the second tenure with Raymond James for Kim, who was affiliated with the firm's independent channel from 2004 and 2007, according to FINRA BrokerCheck records. He began his career in 1998 with Woodbury Financial Services, eventually moving to Wells Fargo in 2009.
The wirehouse firm in 2015 and 2016 named Kim to its premier advisers program, a select group within Wells Fargo recognized for revenue generation, education and best practices around client services, according to Raymond James.
Mann, his partner, worked at Lincoln Financial Advisors from 2008 to 2013 prior to his time at Wells Fargo. The pair set up shop at Raymond James officially on Feb. 17.
Another former Wells Fargo broker overseeing $375 million in client assets, Preston Covington,
