Marion County Bank has moved its investment and wealth management program to Raymond James after a 20-year run with another broker-dealer, Raymond James announced on Monday.

Marion's investment division employs three advisors who collectively manage approximately $150 million in client assets, according to Raymond James. It also employs two sales assistants.

The team previously used IBA Securities, a division of Broker Dealer Financial Services Group, as its broker-dealer.

"We chose Raymond James because it provides its clients with superior research, technology and planning tools," Sam Vande Weerd, the bank's program manager and one of its advisors, said in a statement. "The breadth of the resources and the type of support available to its financial advisors will allow us to provide more in-depth service to our clients and ultimately to help them better achieve their financial goals."

Marion County Bank formed its investment division, Main Street Advisor Group, in 1996 to assist the bank's clients with their retirement needs.

"Their decision to partner with us is further proof that Raymond James' resources and support continue to attract great bank advisors and investment programs," said John Houston, managing director of Raymond James' Financial Institutions Division.

Marion County Bank is based in Pella, Iowa, and is locally owned and managed. It is the largest bank in Marion County, according to the bank.

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