Wells Fargo reps managing $587 million go indie with Raymond James

A four-adviser team that managed $587 million in assets at Wells Fargo and had $385 million in institutional assets under advisement, have gone independent and affiliated with Raymond James. David A. McBee Jr., Michael M. Mikeska, Michael Peschel and Brittany D. Smith formed Wealth Partners Alliance along with John Saalfield and Rick Lima, who left UBS and affiliated with Raymond James in February. (More:​ See more adviser moves in InvestmentNews' Advisers on the Move database.) Mr. McBee spent more than 20 years with Wells Fargo. Mr. Mikeska, who has been in financial services for more than 28 years, was with Wells Fargo for nine years. Mr. Peschel spent the bulk of his 23-year career at Wells Fargo. And Ms. Smith, who spent seven years at Wells Fargo, previously was in institutional retirement sales and consulting.