Two Wells Fargo teams managing $345 million decamp for Raymond James

Two broker teams that managed $345 million in assets at Wells Fargo Advisors in Baton Rouge, La., have joined the employee unit of Raymond James. W. Bowen McRae Jr. managed almost $200 million with his associate Shirley Cook. Roger Sullivan and Kyle Hawthorne, who managed approximately $145 million in client assets at Wells Fargo, left with their associate Meg Martinez. Mr. McRae began his financial services career in 2007 at A.G. Edwards, a predecessor firm of Wells Fargo. Prior to that, he spent 10 years practicing law in Baton Rouge. Mr. Sullivan also began his financial services career at A.G. Edwards — in 2000 — after having spent five years as a hospital pharmacist and 22 years as a minister. Mr. Hawthorne began his financial services career in 2014 at Wells Fargo following a six-year career as an attorney.