May 14 Raymond James Financial Inc said
three advisers, formerly associated with Wells Fargo Advisors
and UBS, will use the company's independent advisory platform to
offer wealth management services.
The newly formed firm, known as Emerald Asset Management,
has offices in Cary and Rocky Mount, North Carolina.
The advisers previously managed over $200 million in client
assets and had annual revenue of more than $1.9 million.
The firm comprises Robert Leggett, James Tharin, and Clint
Sorenson. Leggett was previously employed with UBS while Tharin
and Sorenson were associated with Wells Fargo Advisors.
The Investment Advisors Division of Raymond James Financial
provides custodial and support services to independent,
fee-based Registered Investment Advisors and portfolio managers
An UBS spokesman declined to confirm the move while a Wells
Fargo spokeswoman was not immediately available to confirm the
(Reporting by Avik Das in Bangalore; Editing by Joyjeet Das)