Wells Fargo loses employee broker duo to Raymond James

Team in Virginia manages $138 million in assets.
MAR 20, 2017

A two-person team at Wells Fargo Advisors that managed $138 million in client assets has joined Raymond James & Associates, the firm's traditional employee channel, in Ashburn, Va. Sam Kim and financial planner Scott Mann operate as Kim Wealth Management of Raymond James, the firm said in a release. Mr. Kim began his financial services career in 1998 at Woodbury Financial Services. He joined First Union Securities in 2002, then spent three years with an independent office of Raymond James Financial Services in Harrisonburg, Va. To be nearer family, he joined Banc of America Investment Services in Virginia in 2007, and moved to Wells Fargo Advisors in 2009. Mr. Mann began his career in 2008 and worked as a retirement consultant with Lincoln Financial before moving to Wells Fargo Advisors in 2013. He became a financial consultant on Mr. Kim's team in 2016.

Latest News

LPL names Emily Field as chief people officer amid Commonwealth integration push
LPL names Emily Field as chief people officer amid Commonwealth integration push

The McKinsey veteran brings her expertise as LPL targets a lofty 90% advisor retention rate from its acquisition and integration of the $300 billion RIA.

Court rejects Perfection Bakeries' $2M pension credit in key ERISA case
Court rejects Perfection Bakeries' $2M pension credit in key ERISA case

An appeals court sided with a pension fund, ruling Perfection Bakeries must apply a $2M credit earlier in its withdrawal liability calculation.

Milton seeks Sanctuary in break for independence, reunites with former Merrill colleague
Milton seeks Sanctuary in break for independence, reunites with former Merrill colleague

Veteran advisor managing $400M launches firm through strategic partnership.

Osaic nabs two advisor teams from LPL in North Carolina
Osaic nabs two advisor teams from LPL in North Carolina

The giant hybrid RIA's latest East Coast move adds $175 million in recruited assets as it looks to offset broader advisor attrition.

Fintech bytes: Altruist launches new subscription service for RIA custody
Fintech bytes: Altruist launches new subscription service for RIA custody

Also, Nitrogen has added Indivisible Partners to its integration network, while Wealthtender unveiled an AI-focused update to help boost advisors' online presence.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.