Two broker-dealers have picked up advisors from Wells Fargo Advisors (WFC), as the bank continues to face fallout from its fake-account issues.
Baird says it brought on Jeff Cohen and Christian Clinton, CFP, in Stuart, Florida. Cohen has 21 years in the business, while Clinton has 16. They are joined by client specialist Jena Burrows and client assistant Paula McClughen.
Also this week, RBC Wealth Management said Thomas Pink has joined its operations in Stillwater, Minnesota, from Wells Fargo. Pink has about $154 million in client assets and an average yearly level of fees & commissions of over $1 million.
“Thomas works tirelessly to help his clients with their wealth management needs,” said Rob Andringa, director of RBC’s complex in St. Paul, in a statement. “He is extremely well-respected in the local community and will make a great addition to RBC. We are dedicated to recruiting advisors who fit in with our client-first culture.”
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The pair, along with senior client service associate Margaret Noel, do business as the MacFarland-Hicks Financial Group. At UBS, the team had about $220 million in client assets and yearly production of $1.6 million.
“We are so pleased to welcome Mac, Tadd and Margaret to our office in St. Louis,” said RJA Midwest complex manager, Michael O’Meara. “With their combined experience and a commitment to a long-term, client-first approach, they are a great addition to our firm, and we look forward to supporting them as they continue to grow their business.”
A U.S. Air Force veteran, MacFarland began his financial services career in 1987 with Thomson McKinnon Securities, which was acquired by Prudential Bache. In 1994, he moved to Paine Webber, which became part of UBS in 2000.
Hicks cut his teeth in the business starting in 1992 at Paine Webber.