February 17, 2012

Wells Fargo Snaps Up 9 FAs From Morgan Stanley, Merrill

The advisors move to Wells with close to $1 billion in assets and more than $6 million yearly production

Wells Fargo headquarters in San Francisco. (Photo: AP) Wells Fargo headquarters in San Francisco. (Photo: AP)

Wells Fargo Advisors (WFC) said late Thursday that it had recruited nine financial advisors and one branch manager over the past few weeks with more than $6 million in yearly fees and commissions and nearly $1 billion in assets. Two teams join from Morgan Stanley, while the FAs and branch manager came to Wells from Merrill Lynch (BAC), Morgan Stanley (MS) and Raymond James (RJF).

The Brien Group joined Wells in Pittsford, N.Y., from Morgan Stanley Smith Barney with about $3.1 million in annual production and $320 million in combined assets. Advisors Robert Brien, Michael “Chip” Kazacos, Keith Baier and Christopher LaFountain now reporting to branch manager Joe Tobin.

Another team, the Bird/Barkman Group, also moved to Wells from Morgan Stanley; it has about $1.6 million in yearly fees and commissions and some $250 in assets under manager. Financial advisors Thomas Bird and Kenneth Barkman now report to market manager Bill Rogers.

In addition, Terrance Feeney moved from Morgan Stanley to Wells Fargo in San Rafael, Calif., with about $767,000 in production and $111 million assets. Ronald Winski joined from Merrill Lynch in Charlotte, N.C., with $530,000 in fees and commissions and $106 million in assets.

Former-Merrill Lynch advisor Michael Greer came to Wells Fargo in Beverly Hills, Calif., with some $183 million in assets. He’s been in the business for more than 10 years.

Finally, Tim Sheridan, most recently of Raymond James, joined Wells Fargo in New York as manager of the Wells Fargo Advisors office at 375 Park Ave. Sheridan, who has also worked for Morgan Stanley and UBS, is now managing 19 FAs with combined production of about $24 million. He reports to the New York market manager Tom Issacs.

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