Wells Fargo Advisors loses Virginia team to Raymond James

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)