A Wells Fargo advisor who oversaw $125 million in client assets has moved to Raymond James & Associates, the firm said.
Advisor Elliot Weissmark also had almost $1 million in production, according to Raymond James. He joins the firm's branch in Weston, Fla., and is joined by financial analyst Kiyoko Okamoto. Both have worked together for the past 15 years.
Weissmark started his financial services career with Citigroup in 1998 and moved to Wells Fargo in 2005, according to FINRA BrokerCheck records.
Weissmark, who previously worked for Wells Fargo in Fort Lauderdale, said he was drawn to Raymond James for its open architecture. "The firm provides guidelines and support, but trusts its advisors to make decisions based on what’s best for their business and their clients. I wanted a firm that would support my ability to grow both my team and my practice," he said.
Weissmark added that the technology and resources made available to advisors at Raymond James’ home office impressed him.
Wells Fargo was not immediately available for comment.
Todd Mackler, manager for Raymond James' Fort Lauderdale and Weston branches, noted Weissmark for his commitment to his clients and desire to remain flexible with the changing landscape of the industry. "We are delighted he selected us to support his growth plans here at Raymond James," he said.
Last week, Raymond James announced it had recruited Sanford Family Financial, another Wells Fargo team based in Albany, N.Y. The team oversaw $450 million in assets, according to Raymond James.
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