Munther “Mike” Abdallah and Rick Sofiak have joined Wells Fargo Advisors’ office in Orland Park, Illinois, as first vice president of investments. They join from Morgan Stanley, where they managed more than $100 million in combined client assets.
Sofiak has 27 years in the industry, while Abdallah has 23 years. They report to Chicago Southwest Market Manager Kevin Ortmeyer.
Abdallah joined Kober Financial in 1991 and later moved to Lehman Brothers and Merrill Lynch, before joining Morgan Stanley in 2006. Sofiak worked for American Express and IDS Life prior to signing on with Merrill in 1991. He also moved to Morgan Stanley in 2006.
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Lee Turmail and Jesse Miles have joined Wells Fargo Advisors in Boca Raton, Florida, from Morgan Stanley, where they managed more than $120 million in combined client assets.
Turmail has 17 years in the business. He worked for IDS Life and American Express/Ameriprise (AMP) before moving to Merrill in 2006 and Morgan Stanley in 2009. Miles began his work in the industry in 1988 at PaineWebber; he joined Morgan Stanley as an advisor in 2004.
LPL Financial said early Thursday that Faubourg Private Wealth Advisors is now using its broker-dealer platform and is providing fee-based services to clients through Level Four Wealth Management, an independent advisor group serving more than 120 independent advisors with LPL’s RIA platform.
“We welcome the Faubourg team to the LPL platform and are pleased that they have chosen our firm to support their business in their move to independence,” said Steve Pirigyi, executive vice president of business development at LPL Financial, in a statement.