Four financial advisors at Wells Fargo managing $580 million in client assets have jumped ship to join Raymond James’s employee advisor channel in Monroeville, Pa.
Advisors Brian Heberle, Dustin Helm, John Ferguson and Craig Cacini, who is a CFP, will now operate as Heberle Helm Ferguson Group of Raymond James, according to a company statement. They are joined by two client service associates, Leslie Hewitt and Jeffrey Weaverling.
Heberle, Helm and Ferguson each have roughly 30 years or more in financial services, and all were at Smith Barney before joining Wells Fargo, the statement said.
Heberle noted that the technology that came with Raymond James was a draw for the team in setting up their own shop. Heberle is now managing director, investments, the release said.
According to Helm, who is now senior vice president, investments, Raymond James’s capability in setting up home workstations that save time has already increased the team's ability to service their clients.
“We’ve already seen a significant boost to our team’s workflow through flexible access to secure home workstations, as well as easy-to-use tools for managing multiple orders and those enhancing our visibility into connected client accounts,” he said in the release.
“Our group has an overall sense of independence with our investment choices and the support of product specialists to make certain we are addressing the specific, customized needs of our clients,” added Ferguson.
According to the statement, the new firm is Raymond James’s first office location in Monroeville, which is within the Pittsburgh region. The company has roughly 8,700 financial advisors across the country along several business channels and $1.26 trillion in AUM, the release said.