Raymond James recruited a team that oversaw $220 million in client assets while at Wells Fargo, the firm says.

The team joined Advisor Select, a special independent channel at Raymond James & Associates, the firm's employee broker-dealer. Financial planners joining Advisor Select remain W-2 employees, but have more leeway in designing their practice, including the freedom to choose their own location and control their branch's P&L, according to the firm.

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