Three Wells Fargo reps managing $240 million go indie with Raymond James

Three advisers who managed $240 million at Wells Fargo Advisors in Corpus Christi, Texas, have left the firm and affiliated with the independent unit of Raymond James, where they will operate as Coastal Bend Wealth Partners. Bruce Hoffman, Michelle Orcutt and Matt Paul were long-time employees of Wells Fargo. Mr. Hoffman began his career in financial services in 1990 at Merrill Lynch and joined Wells Fargo in 2003 after working at three other firms. (More:​ See more adviser moves in InvestmentNews' Adviser on the Move database.) Ms. Orcutt began her financial services career in 1990 as a banking regulator. She joined A.G. Edwards in 2002, which became Wachovia Securities and subsequently Wells Fargo Advisors. Mr. Paul began his career at Dean Witter in 1989. He moved to A.G. Edwards in 1991 where he spent time as a branch manager and remained throughout the Wachovia and Wells Fargo acquisitions.