Two former wirehouse advisors that managed more than $80 million in client assets have left Wells Fargo to join Raymond James & Associates, the firm's traditional employee/broker dealer.

The advisors David Neunuebel and Lisa Barrantes had annual fees and commissions of approximately $950,000 while at Wells Fargo. Together with client associate Lynne Ming, they will open Raymond James' newest office in Santa Barbara, Calif.

Raymond James has been recruiting heavily from the wirehouses, including Wells Fargo. In a statement, Neunuebel said that he and Barrantes spoke with “many advisors who had left our former firm to join Raymond James, and without exception they were thrilled with their decision."

The duo are veterans of the financial services industry. Neunuebel, CFP, CIMA, began his career with Prudential Insurance in 1977. He is a graduate of the University of Southern California, Santa Barbara.

Barrantes' began her career in 1999 with A.G. Edwards, according to FINRA documents. She joined UBS in 2001, later moving to Wachovia in 2003, where she teamed with Neunuenbel.

“This new RJA office in Santa Barbara is one more illustration of our strategic plan to expand our footprint in the western states,” Tash Elwyn, president of RJA Private Client Group, said in a statement. “We look forward to attracting additional experienced financial advisors not just to this office, but to the other branches we have recently opened and have on the drawing board.”

Read more:




Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access