Raymond James & Associates has hired two financial advisors from Wells Fargo to open its first office Richmond, Va., office for its employee broker-dealer business.
The team, including financial advisors James A. Schmidt and Bernice “Bernie” Murff, previously managed more than $90 million in client assets and had $1.1 million in commissions and fees.
It now operates under the name Schmidt Wealth Management Group and has opened a temporary office in Richmond, Va., at 3900 Westerre Parkway. Raymond James also has locations in the Richmond, Va., area through its other businesses, including three independent offices through its independent broker-dealer, Raymond James Financial Services, and a bank branch working in partnership with Raymond James Financial Institutions Division.
Both Schmidt and Murff have been registered with Raymond James since Dec. 2, according to their public registration records with the Financial Industry Regulatory Authority.
Schmidt comes to Raymond James as senior vice president of investments after about 12 years at Wells Fargo. That followed service at Wheat First Securities, Prudential Securities and E.F. Hutton, where he began his career in 1984.
Murff now serves as associate vice president of investments following about seven years at Wells Fargo. Murff also previously served at Wachovia Securities and Scott and Stringfellow, where she began her career in 1994.
Also joining Raymond James with the team is client service associate Tameika Aldridge.
Lorie Konish writes for On Wall Street.