Wells Fargo loses $130 million team to Raymond James

A father-and-son team managing $130 million at Wells Fargo Advisors in Omaha, Neb., has left the firm to join the employee unit of Raymond James. Steven and Jeremy Friedman will operate as Friedman Financial Partners of Raymond James, along with their associate, Renee Johnson. The elder Mr. Friedman began his career as a trainee with Dean Witter in 1967. In 1972, he joined and opened the first Omaha office for Rodman & Renshaw, one of the many predecessor firm of Wells Fargo. He was joined in the practice by his son in 2010. Prior to joining Wells Fargo, Jeremy Friedman spent 11 years in the information technology industry.