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.