Raymond James recruits adviser team with $220 million in assets from Wells Fargo

McCullough & Sparks Wealth Management opens office in Kenosha, Wis.

McCullough & Sparks Wealth Management, a team of financial advisers with $220 million of client assets, has joined Raymond James Financial Inc. from Wells Fargo & Co.

Donald McCullough, John McCullough and William Sparks joined the brokerage firm’s independent-employee group, opening a new office for the firm in Kenosha, Wis., according to a statement Thursday from the brokerage firm. They produced $1.7 million of annual revenue at Wells Fargo Advisors.

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The team was seeking more control over how they run their practice and at the same time have “full employee benefits and complete administrative and back-office support,” Donald McCullough said in the statement. “We also wanted a firm which was client-focused and adviser-centric, not run by a bank.”

The new Kenosha, Wis., office will be overseen by Gary Sievewright, the Wisconsin complex manager for Raymond James & Associates, the firm’s employee broker-dealer unit.