Raymond James announced Wednesday that it has recruited two Baton Rouge, La.-based financial advisors, Tom Breaux and Ian James, both of them veterans of large wirehouse firms.

Together, Breaux and James will operate as Capital Financial Group, an independent firm, according to Bill Van Law, national director of business development for Raymond James Financial Services, the independent broker/dealer of the firm. Securities will be offered through Raymond James Financial Services Inc.

With more than 20 years of industry experience, Breaux joins the firm as a financial advisor and branch manager. Previously, he spent four years at Morgan Stanley Smith Barney as a financial advisor and vice president and before that worked at Dean Witter and Paine Webber. He provides comprehensive financial planning for his clients and has a niche focus on physicians.

“For a year, I conducted due diligence on five companies and decided that Raymond James was the best fit for me and my clients,” Breaux said in a statement. “I was extremely impressed with their transition management and the fact that they support their independent advisors so well. In the end, it was an easy choice.”

James was a financial advisor from Wells Fargo, where he served as president of his branch for four years. Prior to that, he worked with Edward Jones for 13 years. He also offers clients comprehensive financial planning and has a specialized niche with Exxon retirees.

“I joined Raymond James because it has a conservative, well regarded reputation in the industry,” James said in the statement. “I wanted to be part of a company focused on the brokerage side of the business.”

Together, Breaux and James managed a combined total of $105 million in client assets and had production of $1 million.

Read about Raymond James' fiiscal first-quarter earnings at AdvisorOne.com.