Raymond James recruited a Wells Fargo advisor managing $115 million in assets, according to the firm.

Advisor Robert Clayson generated $800,000 in annual revenue while at Wells. He and senior registered client service associate Carolyne Wabuyele joined the Wellesley Hills, Mass., office of Raymond James & Associates, the traditional employee broker-dealer arm of Raymond James. Wellesley Hills is a suburb of Boston.

Clayson is a 43-year veteran of the financial services industry, and worked at Bear Stearns and Morgan Stanley, according to FINRA records. He joined Wachovia in 2004 and stayed through the firm's merger with Wells Fargo.

The announcement came a day after Raymond James named a former Merrill executive, Andy Waldbaum, as branch manager of its Beverly Hills, Calif., office, which opened earlier this year.

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