Raymond James & Associates has recruited a Westport, Conn.,-based advisory duo from Wells Fargo Advisors.
Lynn Grossman and her business partner, Brian Vieira, managed more than $230 million at Wells Fargo and will now be working under the leadership of Judson Potter at Raymond James' Connecticut complex.
(See: Advisers on the Move )
Ms. Grossman, who became a certified retirement counselor in 2010, began her career in 1987 with Kidder Peabody. In 1989 she joined Smith Barney, and in 2005 she moved to Wachovia Securities, which was later bought by Wells Fargo.
Mr. Vieira began his career in the financial services industry in 2011 with TD Bank. In 2014, he joined Wells Fargo Home Mortgage, and in 2015 he joined Ms. Grossman's practice as a financial adviser at Wells Fargo Advisors.
In a statement, Ms. Grossman said the move to Raymond James was at least partially motivated by an ability to “develop and consult on a social impact investing program and to be able to provide holistic life and financial planning for my clients.”
“Probably most essential, however, was the firm's strong research capabilities, as we manage a large number of our clients' portfolios,” she added.
The Grossman-Vieira team works with individuals, corporations and nonprofit entities. A particular area of Ms. Grossman's expertise lies in the philanthropic sector, including working with clients to establish a family foundation or charitable trust, planned giving strategies or managing assets for nonprofit organizations.
Raymond James & Associates is a wholly-owned subsidiary of Raymond James Financial, a diversified financial services company with approximately 7,100 financial advisers serving more than 2.9 million client accounts in more than 2,800 locations. Total client assets are approximately $600 billion.