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November 16, 2012 at 09:18 AM
Wells Fargo (WFC) said Friday that it had recruited 24 advisors with $2.2 billion in assets this fall for its traditional Private-Client Group channel. Its independent-advisor channel, FiNet, said Wednesday that it added seven advisors with about $1.3 billion in assets in November.
Meanwhile Raymond James (RJF) said Monday it recruited a Morgan Stanley (MS) team with about $80 million in assets and $1 in yearly fees & commissions.
Also this week, LPL Financial (LPLA) said it attracted an advisor from Wells Fargo, and Securities America said it recruited a former-LPL affiliated team of FAs to its independent broker-dealer operations.
Wells’ Latest Recruits
One group coming on board Wells Fargo’s employee advisor channel over the past few months is the ESH Group, which includes Robert Evans, Walt Shinault and Richard Hastings in Oxford, Miss. They joined from Bank of America-Merrill Lynch (BAC). The team has a total of 76 years of industry experience and prior AUM of $250 million.
Also moving to Wells from Merrill was W. Howard Humphrey. The Parkersburg, W. Va.-based advisor has 20 years of industry experience and prior assets of $101 million.
The Siegel Group, comprised of financial advisors Andrew Siegel, Nickolaus Roeschley and William Kulesh, joined Wells in Scottsdale, Ariz., from Morgan Stanley. The team members have 52 years of industry experience and prior AUM of $231 million.
In Irvine, Calif., financial advisors Nancy Johnson and Susan Ellena joined from Morgan Stanley. They have a total of 60 years of experience in the industry and prior AUM of $210 million.
The Willow Bend Group, comprised of financial advisors Chris Queen, Peggy Etheridge and Jason Hofnagel, came on board Wells in Plano, Texas, from Morgan Stanley. The team members have 49 years of total industry experience and prior AUM of $206 million.
The Meeks-Coburn Group, comprised of financial advisors Curtis Coburn and Wade Meeks, moved to Wells in Little Rock, Ark., from Morgan Stanley. The reps have a total of 55 years of industry experience and prior AUM of $127 million.
Robert Shwedel and Andrea Roth joined Wells from UBS (UBS) in Walnut Creek, Calif., which is part of the Bay Area. Combined, the father and daughter have 39 years of industry experience and prior AUM of $196 million.
Rich Ceffalio also moved from UBS to WFA. He is based in Arlington Heights, Illi. He spent four years at UBS but had previously spent 11 years at Wells. Ceffalio has 19 years of experience in the industry and prior AUM of $165 million. He brought a financial advisor in training, Jim Cox, with him.
Susan Gallagher joined WFA in Bethesda, Md., from UBS with 29 years of experience in the industry and $146 million in assets. Curt Coulter joined the Pittsburgh branch of WFA from UBS. He has 17 years of experience and prior AUM of $134 million.
Greg Moore came to Wells in Portland, Ore., from Webush Morgan. He has 17 years of experience in the industry and a prior AUM of $139 million.
The Hart Investment Group, which includes Robert Hart and Thomas Tonkovich, joined the Spring Lake, N.J., Wells branch from RBC Capital Markets. Combined, the team members have 23 years of industry experience and prior AUM of $107 million.
Allen Wilson, joined Wells in Morristown, N.J. from Stifel Nicolaus (SF). He has 19 years of experience in the industry and prior AUM of $212 million. Also joining from Stifel is Bradley Gummow. Chicago-based Gummow has 30 years of experience in the industry and prior AUM of $100 million.
FiNet Additions
The independent-advisor channel of Wells Fargo picked up the KBT Group in Westlake Village, Calif., comprised of financial advisors Michael Kazmer, Larry Bernstein and Abby Dinkins. The team joined FiNET from Merrill Lynch with about $620 million in assets.
Trailhead Wealth Management, comprised of financial advisors Bryan Pieper and Gregory Stringari joined FiNET in Louisville, Colo., with some $270 million in assets.
