UBS says a team from Wells Fargo Advisors has joined its operations in San Jose, California; the group has overseen about $400 million in assets and had yearly fees and commissions of $3.2 million.
The team, which moved to UBS on Feb. 14, is led by Brad Frederickson and includes his son Jeff, a fourth-generation advisor.
Brad has about 30 years of industry experience, having joined E.F. Hutton in 1985. He has been with Wells Fargo and its predecessor firms since 1993.
Jeff joined Frederickson Capital Management of Wells Fargo Advisors in 2014. Earlier, he worked for an RIA in San Francisco.
Meanwhile, Portland, Oregon-based JGP Wealth Management has been launched as an RIA firm and is now working with Fidelity Clearing & Custody Solutions.
The partners at JGP started working together more than 24 years ago. “We are the same exceptional team, with the same mission of taking care of our clients, and now with a charge and the opportunity to put their interests ahead of all others,” said Kevin Sanger, JGP’s COO and director of Advice & Implementation, in a statement.
Sanger spent the past 16 years at Wells Fargo and earlier was with Merrill Lynch for five years.
“As we explored the numerous options for serving clients, we realized that the independent registered investment advisor platform holds an advantage. This is an era of transparency, collaborative technology, vast investment options and customized solutions,” explained CEO Jeff Paustian, in a statement.
Paustian worked for Wells Fargo since 2001. He was with Merrill Lynch from 1993 to 2001, according to BrokerCheck.
“We look forward to working with the team at JGP Wealth Management as they strive to take their firm to the next level,” said David Canter, head of the RIA segment for Fidelity Clearing & Custody Solutions.
Janney Montgomery Scott has opened a new branch office in Battle Creek, Michigan, and has welcomed a local team of veteran advisors.
The Buikema, Oursler, Morse Financial Team, which has some $200 million in client assets, is led by Matthew Buikema, Michael Oursler and Travis Morse, and was formerly affiliated with Raymond James & Associates.
“We are very proud to open our first office in Michigan, especially with such a well-respected and experienced group like the Buikema, Oursler, Morse Financial Team,” said Jerry Lombard, president of Janney’s Private Client Group, in a statement.
Buikema has over 35 years of experience, while Oursler has more than 20 years. Morse has been in the business for 15 years.
The Battle Creek branch is Janney’s second new location of 2018; earlier this year it opened a new location in Columbus, Ohio.
Janney says that an advisor formerly with has joined this new location from Wells Fargo Advisors: Jeramy D. May. A 20-year industry veteran, May works with over $118 million in client assets.
For its part, Raymond James’ independent channel said it recently recruited financial advisors Taylor Adams and Annie Norris in Little Rock, Arkansas, according to Kirk Bell, Central regional director for Raymond James Financial Services.
The duo does business as Southern Wealth Group and moved to RJFS from Merrill Lynch, where they previously managed roughly $180 million in client assets and had about $1.5 million in yearly fees & commissions.