A seven-member team from Idaho that managed $525 million has joined Raymond James & Associates’ employee advisor channel, according to a release from the company.

The team, in Coeur d’Alene, Idaho, operates as Coeur Private Wealth Management of Raymond James. It was previously with Bank of America’s Merrill Lynch.

The team includes financial advisors Joseph R. Anderson, Matthew A. Lyman, Jeffrey L. Smith, Heather Bolster and Tyler Christian Anderl, and senior registered client service associates Heather Bloom and Christopher Dallenbach.

Anderson, senior vice president, wealth management, and branch manager, said the team was drawn to Raymond James by their shared values and RJA’s focus on clients. “Raymond James gives advisors the independence to practice our craft and doesn’t impose any programs or quotas that don’t align our interests with those of our clientele. The word ‘culture’ gets used a lot, but it feels really refreshing and different at Raymond James,” he said in a statement.

Anderson, who most recently served as senior vice president and senior resident director at Merrill Lynch, began is career there in 1988.

Patrick O’Connor, Northern divisional director for RJA, said Raymond James’ continues to grow its presence in the West with high-caliber advisor teams, and they are seeing a lot of interest from large teams who want the freedom and flexibility to own their practice and run their business the way they know is best. 

Raymond James & Associates Inc. is a wholly owned subsidiary of Raymond James Financial Services Inc., which has about 8,100 financial advisors throughout the U.S., Canada and overseas, and a total of $828 billion in client assets.