Four Wells Fargo brokers who generated about $3.8 million in annual revenue bolted from the firm’s dwindling Profit Formula platform for Raymond James.

John Watts, Steuart Evans, Russell Henshaw and Bradford Flowers opened a new Huntsville, Alabama, branch of the regional firm’s Advisor Select division, a part of the company’s employee channel, Raymond James announced Tuesday. The firm had unveiled another Wells Fargo grab just last week.

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