Raymond James & Associates, the broker/dealer subsidiary of Raymond James Financial, has nabbed another financial advisor team from Morgan Stanley, this time in Houston, TX.

Financial advisors and senior vice presidents Marlene Fowler and Christopher Fowler operate as the Fowler Financial Group and previously managed over $70 million in client assets, with annual fees and commissions in excess of $700,000.

Prior to joining Morgan Stanley, the husband-wife team spent a combined 29 years at AG Edwards, where they managed more than $100 million in client assets and had annual revenues of some $1 million. They left AG Edwards for Morgan Stanley when it was was acquired by Wachovia in 2007.

In a similar move last week, Raymond James & Associates took on former Morgan Stanley financial advisors Philip Maurer, David Kushner and Barbara Maurer in Newtown, PA. Bernadette D’Onofrio also joined the trio as a senior registered client service associate.