Raymond James Financial has lured an Illinois-based team of two financial advisors from Wells Fargo that managed nearly US$140 million in client assets.

The team, which includes Ann Fleming and Thomas Turnbaugh, will join firm’s Bartlett, Illinois office as new senior vice presidents.

Wells Fargo said that the team, also known as the Turnbaugh-Fleming Group had annual production in fees and commission of more than US$1 million.

Additionally, a registered client associates, Cheryl Sanchez, will also join the team from Wells Fargo Advisors. Previously, Sanchez has worked with Turnbaugh and Fleming for 17 years.

Prior to joining Raymond James, Turnbaugh has worked at Merrill Lynch and Prudential Securities, while Fleming began her career in 1991 with Prudential Securites.

John Kuklenski, director of Raymond James’ North Central division, said: "They are an outstanding, high-quality team – with more than 58 combined years of experience and, most importantly, high integrity and a commitment to and focus on their clients."