The wealth management firm has brought in a former Wells Fargo advisor overseeing $350 million in assets.

Raymond James has recruited a former Wells Fargo advisor who oversaw $350 million in client assets to join its recently opened office in Denver, Colorado.

Jarrod Biebel joins as senior vice president of investments, along with Angelica Walter, who also joins from Wells Fargo as senior registered client service associate. Together, the pair will operate as First Avenue Wealth Partners.

While at Wells Fargo, Biebel had annual fees and commissions of more than $2 million. Prior to that, he held numerous advisory and portfolio management roles at Everen Securities and Prudential Securities. He kick-started his career with John Nuveen, an investment manager specialising in dealings with high net worth investors, as a municpal bond wholesaler.

“Their conservative values align closely with those of Raymond James, making them a great duo to represent us in the Denver market,” said Dennis Kaboth, manager of the Denver-Cherry Creek complex.

The hires continue a string of senior appointments at Raymond James. Most recently, the firm recruited independent advisors Jason Croix, Michael MacRory and Jeffrey Shoop in Texas. They manage a combined total of $466 million in client assets. Also last month, the Decker Global Wealth Group joined the Annapolis, Maryland office, having previously worked at the Royal Bank of Canada.