Janney Montgomery Scott said it recruited the Gormley Furlong Wealth Advisory Group, which has four advisors and over $400 million in client assets, in Newtown, Pennsylvania. The team was previously affiliated with Stifel Financial.

The advisors making the move have more than 100 years of combined financial-services experience: Timothy P. Gormley, CFP, Paul M. Furlong; Kevin M. Keane, AAMS, AIF; and Kathleen M. Zelenka.

“This team is a highly regarded group of advisors and are valued additions to the Janney team,” said Thomas Simcik, a regional manager at Janney, in a statement. “Their decision to join Janney is further proof that the firm is a destination for advisory teams who want to succeed in a boutique, regional environment.”

Meanwhile, Raymond James recruited Todd Krentz, CFP, AIF; Justin Brown, AIF; and Michelle Evans to its independent channel in Chesterfield, Missouri, from Stifel, where the managed about $230 million in client assets.

“As a leading financial services firm, Raymond James provides a solid footprint and comprehensive resources while allowing us the independence to successfully run our business,” said Krentz, president of Krentz Financial Group, in a statement. We’re confident our move to independence was the best decision for us and on behalf of our clients.”

Raymond James’ employee channel recently added a team in Burlington, Wisconsin, from Wells Fargo with about $173 million in client assets. The group includes advisors Clay Brandt, CFP, and Nate Brandt.

The father and son do business as Brandt Wealth Management and had more than $960,000 in yearly fees and commissions.

“We were drawn to Raymond James because of the firm’s reputation for putting clients first, their common sense approach and the freedom they allow advisors to run their practices as they see fit,” said Brandt, in a statement.

Another Wells Fargo advisor, David McClure, left to join RBC Wealth Management. McClure has been with Wells Fargo Advisors since 2007 and has managed $110 million in assets.

Russell Mansfield, director of RBC Wealth Management’s Charlotte, N.C., branch explained: “David is one of the most well-liked advisors in our community. I am grateful to now be able to call him my partner.”

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LPL Financial says Flood Financial Services has joined its independent broker-dealer and registered investment advisor platforms. Flood had about $330 million of client brokerage and advisory assets, as of June 1.

Earlier, the group was affiliated with Lincoln Financial.

Commonwealth Financial Network said the Potter Financial Group, of Durham, N.C., is now affiliated with it.

The group has some $130 million in assets and used to work with Kestra Financial. It includes Charlie Potter, CLU, ChFC, RFC, AEP, CLTC; Chip Roe, CFP, CRPC, CRPS; and Price French, RFC, CLU.

“This was not an easy decision for us—we had been with our prior affiliate for 20 years,” according to Chip Roe. “Amid industry change and consolidation, what became of utmost importance to us was private ownership, a sound business model and organizational structure, and a low advisor-to-staff ratio to ensure the prioritization of our practice.”