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$138M adviser returns to Raymond James after 7-year stint at Wells Fargo

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Two advisers managing $138 million in client assets left Wells Fargo to join Raymond James’ employee channel, according to their new firm.

Sam Kim and Scott Mann of Kim Wealth Management jumped to the regional broker-dealer in a suburb of Washington, D.C., Raymond James announced this week. The pair, who generated $1 million in annual production, mark the firm’s second Wells Fargo grab of the year so far.
Raymond James has added at least 19 ex-wirehouse advisers among its various channels in the first three months of the year. Kim and Mann report to Chesapeake complex manager Warren Wright in the firm's Ashburn, Virginia, office.

A spokeswoman for Wells Fargo Advisors declined to comment on their departure.

The firm also recruited an international wealth management team that oversaw $576 million, according to our latest roundup of recent hires and moves.
March 6

The move starts the second tenure with Raymond James for Kim, who was affiliated with the firm's independent channel from 2004 and 2007, according to FINRA BrokerCheck records. He began his career in 1998 with Woodbury Financial Services, eventually moving to Wells Fargo in 2009.

The wirehouse firm in 2015 and 2016 named Kim to its premier advisers program, a select group within Wells Fargo recognized for revenue generation, education and best practices around client services, according to Raymond James.

Mann, his partner, worked at Lincoln Financial Advisors from 2008 to 2013 prior to his time at Wells Fargo. The pair set up shop at Raymond James officially on Feb. 17.

Another former Wells Fargo broker overseeing $375 million in client assets, Preston Covington, joined the regional firm the same month. Raymond James had last recruited an adviser from Wells Fargo in December.

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