Advisers on the Move

Wells Fargo loses $700 million team to Raymond James

Four-man adviser team in Huntsville, Ala., will operate in indie-employee channel

Apr 18, 2017 @ 5:00 pm

By InvestmentNews

+ Zoom

Four advisers working on the Wells Fargo Advisors' Profit Formula platform have joined the independent-employee channel of Raymond James in Huntsville, Ala.

The advisers — John Watts, Steuart Evans Jr., Russell Henshaw and Bradford Flowers — managed $700 million in assets at Wells Fargo with three registered associates. The seven-person team will operate as Evans, Watts, Henshaw and Flowers Wealth Management Group of Raymond James.

Mr. Watts began his securities career in 1988 at Morgan Keegan. After stints at Robinson-Humphrey and Prudential Securities, he joined Wells Fargo in 2001.

Mr. Evans began his career at Robinson-Humphrey in 1991 and joined Wells Fargo in 2003 after a year at Salomon Smith Barney.

Mr. Henshaw joined Wells Fargo in 2009. Earlier, he spent two years at Citigroup and nine years at Legg Mason. He started his career at Dean Witter in 1996.

Mr. Flowers began his career at Merrill Lynch in 1990, where he spent 11 years before joining Prudential Securities. He joined Wells Fargo in 2003 after two years with Prudential Securities.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

How NextGen talent is impacting financial services

Nextgen talent brings a diverse perspective and unique skills to the industry. Find out why two Utah Valley University students are so excited to make a difference.

Video Spotlight

Will It Last As Long As Your Clients Do?

Sponsored by Prudential

Video Spotlight

The Catalyst

Sponsored by Pershing

Latest news & opinion

Brian Block's $4 million bonus was tied to a key metric at ARCP

Prosecution rests case in fraud trial against CFO of American Realty Capital Properties.

Edward Jones is winning the Google search war

Brokerage firm's digital marketing investment helps land it at the top of local and overall search engine results, report finds.

Voya's win in 401(k) fee suit involving Financial Engines bodes well for other record keepers

Fidelity, Aon Hewitt and Xerox HR Solutions are currently defending against similar fiduciary-breach claims.

Collective investment trusts getting more attention from 401(k) advisers

The funds are catching on due largely to lower costs and more product availability, but come with some inherent drawbacks.

Vanguard rides robo-advice wave to $65B in assets

Personal Advisor Services, four times the size of its closest competitor, combines digital and human touch.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print