Brokerage firm Benjamin F. Edwards & Co. has hired a three-member team from Wells Fargo Advisors for a new Panama City, Fla. branch as part of its national expansion.

The new Panama City, Fla. office marks the fifth branch opened by Benjamin F. Edwards in less than two months and its first office in Florida, according to the firm, giving it locations in 14 states throughout the U.S.

Benjamin F. Edwards has hired Malissa “Libby” Romack to serve as branch manager and vice president of investments in the new Panama City, Fla. location. Joining her are Kathleen Duncan, who will serve as vice president of investments, and Lolita Nettles, senior registered financial associate. All three join from Wells Fargo and previously served at A.G. Edwards.

St. Louis, Mo.-based Benjamin F. Edwards was founded in 2008 by Benjamin F. “Tad” Edwards IV. He is the great-great grandson of the founder of former brokerage firm A.G. Edwards, Albert Gallatin Edwards. A.G. Edwards was acquired by Wachovia Securities, which was subsequently acquired by Wells Fargo.

Romack previously joined A.G. Edwards in 1993, and subsequently started working in account management in 2001 and as a branch manager in 2002. Duncan began working in financial services in 1997.

Benjamin F. Edwards has hired 29 financial consultants this year, and has a total of 197 employees. The firm is a brokerage and registered investment advisor that operates as a subsidiary of Benjamin Edwards Inc.