Raymond James Appoints $2 Million Wells Fargo Team In Virginia

Stephen Little

30 May 2014

Raymond James & Associates, the traditional employee broker-dealer of Raymond James Financial, has added to its Richmond, VA, office with the appointments of advisors Robert Wood, Robert Wood, Jr, and Carlton Brown.

The team, known as Wood Asset Management of Raymond James, joins from Wells Fargo Advisors, where they had annual fees and commissions of approximately $2 million.

Ninety per cent of the team’s business is in investment advisory discretionary business.

Robert Wood, senior vice president, investments, has more than 30 years of industry experience, having held high-level positions at firms such as Prudential Securities and Wells Fargo prior to joining Raymond James. He, along with his son, formed their team in 1998 while affiliated with Prudential Securities.

Robert Wood, Jr, also senior vice president, investments, has served as general partner for the team and in his current role handles equity and fixed income investments, client relations and marketing initiatives.

Brown, vice president of investments, is a 30-year industry veteran and former estate planning attorney. Prior to joining the team and affiliating with Raymond James, he worked as an attorney and held management-level positions at several firms.

Joining the team at Raymond James is Lola Wright, senior client service associate, whose responsibilities include opening client accounts, moving funds and assisting with client services.