A $1.3 billion financial services team in Jenkintown, Pa., that previously worked with Merrill Lynch has joined Raymond James, Raymond James announced Tuesday.

The move is part of Raymond James continuing recruitment of teams from wirehouse firms, according to Tom Galvin, North Atlantic regional director for Raymond James & Associates, the firm’s employee broker-dealer.

The group operates as Fernberger Fernberger Loeb Wealth Management of Raymond James. It is headed by David S. Loeb Jr., Edward (Ted) Fernberger Jr. and Jim Fernberger, managing directors and senior vice presidents, investments.

The team also includes Alex Fernberger, associate vice president, investments; Donna Dembeck and Jean Schneider, senior registered service associates; and Eileen Gravinese and Jenn Dreibelbis, senior client service associates. At Merrill Lynch, the team managed $1.3 billion and had about $7 million in annual fees and commissions.

“The quality and reputation of their practice, their years of experience and their client-first approach make them a great addition to our firm, as we continue to expand in the all-important northeast region,” Galvin said.

The team’s focus is on high-net-worth individuals and families with complex goals and financial needs, according to Raymond James.

Jim Fernberger began his financial services career with Advest, a Boston-based financial services firm, in 1979, where he served for 26 years as a senior financial advisor. He continued that role for another 11 years after Merrill Lynch acquired the firm in 2006.

His brother, Ted Fernberger, also began his financial services career with Advest, in 1972. He served as a senior financial advisor and continued in that role after Merrill Lynch acquired the firm.

Loeb began his career in the research department of Newburger and Co. in the 1950s and headed up the department until the firm was acquired by Advest in 1970. He went on to serve as senior financial advisor with Advest and continued in the same capacity after the acquisition by Merrill Lynch.