Raymond James Financial has lured a Texas-based team of three financial advisors from Wells Fargo that managed nearly US$220 million in client assets.
The team which includes Doug Noble, Greg Bowden and Rod Dahl will join Raymond James’s independent employee division called, Advisor Select.
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Wells Fargo said that the team, also known as Goodwater Wealth Management Group of Raymond James, has previously managed more than US$220 million in client assets and their annual production in fees and commission was roughly US$1.3 million.
Goodwater Wealth Management Group, which serves individuals and families, business professionals and retirees in the area of Georgetown, Texas, will focus on preserving assets to meet their clients’ needs on minimizing risk through conservative vehicles and asset diversification.
Noble, Bowden and Dahl have begun their career at A.G. Edwards in 2005, 2006 and 2000 respectively. Noble’s areas of expertise include mutual funds, exchange traded funds, annuities and insurance planning, while Bowden has experience in fixed income investments and retirement planning and Dahl expertise includes equity research, options and trading on behalf of clients through the firm’s discretionary portfolio management service.
Additionally, two registered client associates Jaynie Guerrero and Angie Spinner will also join the team from Wells Fargo Advisors.
Chris Davitt, CFA, vice president and director of Advisor Select, said: "Their desire to establish their own free-standing office and boutique practice while at the same time remaining W-2 employees of Raymond James made them a perfect fit for Advisor Select."
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By GlobalDataNoble said: "We wanted a firm that looked after its clients and its advisors as well as provide all the technology and resources we need to serve our clients. The flexibility is really what drew us to this model, that and we can control our bottom line."
