Raymond James has recruited financial advisor David Gunter to open a new branch office in Oil City, Pa., for Raymond James & Associates.

Operating as the Gunter Financial Group, the team consists of Gunter, senior vice president, investments; Karen Wygant, registered service associate; and Cindy Restauri, service associate. They have joined from Stifel Nicolaus, where they managed more than $191 million in client assets and had annual fees and commissions of $1.2 million.

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