Two financial advisor teams in California have joined Wells Fargo Advisors Financial Network (FiNet), leaving Raymond James, where they managed a combined $545 million in client assets.
The advisors registered on Friday with TSG Wealth Management, a FiNet affiliate firm that manages more than $21 billion in assets under management, according to FiNet and TSG’s website.
On its website, TSG said it employs about 184 professionals across 28 offices.
According to FiNet, a subsidiary of Wells Fargo, the Dunn Team, comprised of Lance Dunn, managing director, his daughter Lexis Dunn, vice president, and senior client associate Karen Ursua, joined TSG’s office in Fresno. The multigenerational team managed $355 million in assets at Raymond James.
Also, Old Oak Partners, TSG opened an office in Chico, according to TSG’s website. The team, led by managing directors Richard (Ric) Wilson and Matt Holzwarth and supported by client associate Cayden Hill, managed about $190 million in assets at Raymond James.
“What drew us to TSG was a shared commitment to putting clients first,” said Holzwarth, who spent two of his seven years in the industry at Raymond James. “With the strength of TSG behind us, our clients can expect to receive the same personal care they have always known, now backed by deeper resources and independence.”
Wilson is a 41-year veteran and worked at Raymond James for 14 years, according to BrokerCheck.
TSG said the onboarding of the Dunn Team marks its expansion into California’s Central Valley region and coincides with its opening of an office in Bakersfield, Calif.
“Finding a home at TSG was about legacy as much as opportunity,” Lance said in a statement. “The independence and resources here mean my team and I can carry our client relationships forward for decades, exactly the way we have always believed this work should be done.”
Lance has been in the financial services business for 28 years, spending 15 of those at Raymond James, according to BrokerCheck. His daughter Lexis spent her only year in the business at Raymond James.