Wells Fargo Advisors loses Virginia team to Raymond James

Betty Schutte-Box and Troy Yenser spent the past five years at the wirehouse, where they managed $222 million

Dec 4, 2018 @ 11:55 am

By Sarah Min

Raymond James has landed a $222 million two-person team from Wells Fargo Advisors in Virginia.

Betty Schutte-Box and Troy Yenser will operate out of Richmond, Va., as Schutte & Yenser Wealth Management of Raymond James. They've joined the firm's employer broker-dealer, Raymond James & Associates Inc., according to Dick Ferguson, southern division director at Raymond James.

"We were looking for a firm that we felt was on the cutting edge of technology and planning software for our clients, and we were very impressed by the culture," Ms. Schutte-Box said in a statement. "We felt that Raymond James would embrace us and allow us to focus on the investment management and planning side of our business."

(More: Raymond James lands $1 billion team from Wells Fargo Advisors in New York)

Ms. Schutte-Box, senior vice president of investments, has 18 years of experience as a financial adviser, according to her BrokerCheck profile, and she has spent more than 25 years in the financial industry. She worked at Wells Fargo for the past five years. Prior to that, she had joined Edward Jones as an adviser in 2000.

Mr. Yenser, vice president of investments, has nearly 10 years in the industry, starting his career at Edward Jones in 2009 before joining Wells Fargo in 2013, according to his BrokerCheck profile.

Raymond James has approximately 7,800 financial advisers and $753 billion in total client assets under management.

(More: Wells Fargo loses $560 million advisory team to Raymond James IBD)

0
Comments

What do you think?

View comments

Most watched

INTV

Young professionals see lots of opportunity to reinvent the advice experience

Members of the 2019 InvestmentNews class of 40 Under 40 have strategies to overcome the challenges of being young in a mature industry.

INTV

Young advisers envision a radically different business in five years

Fintech and sustainable investing are two factors being watched closely by some of the 2019 class of InvestmentNews' 40 Under 40.

Latest news & opinion

Target-date fund design may be wrong for retirees

Researchers suggest the funds don't adequately hedge against sequence-of-returns risk in retirement.

InvestmentNews' 2019 class of 40 Under 40

Our 40 Under 40 project, now in its sixth year, highlights young talent in the financial advice industry. These individuals illustrate the tremendous potential of those coming up in the profession. These stories will surprise, entertain, educate and inspire.

New Jersey fiduciary rule: Pressure leads to public hearing, comment deadline extension

Industry push results in chance to air grievances on July 17 and another month to present objections.

Galvin to propose fiduciary rule for Massachusetts brokers

The secretary of the commonwealth is proposing a fiduciary standard in response to an SEC investment-advice rule he views as too weak.

Summer reading recommendations from financial advisers

Here are some books that will keep you informed and entertained during summer's downtime

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print