Advisor Russell Cappelen and practice business manager Diane Nelson joined Raymond James & Associates, the firm's employee advisor channel, in Vero Beach. Their Cappelen Wealth Management of Raymond ...

An advisor who managed $200 million in client assets at Charles Schwab has joined the Raymond James & Associates employee advisor channel in Winter Park, Fla., according to a news release.

The firms' latest additions in Florida and Nevada come as a strategic change at UBS raises risk of advisor defections.