A group of five employee Wells Fargo advisors with a total of $330 million in client assets have left the wirehouse to join Woodbury Financial Services, one of the Advisor Group broker-dealers.
Separately, an independent advisor with Wells Fargo Financial Network moved to LPL Financial. Earlier, he worked with about $115 million in client assets. He is aligned with LPL’s Financial Services Network.
Moving to Woodbury’s GCG Wealth Management of Charlotte, North Carolina, are George Harris with $110 million in assets, Billy Ricketts and her grandson Clay Craven with $100 million, Shell York with $90 million, and Garrett Mullins with $30 million. They will spearhead a new office in Greensboro, North Carolina.
Led by President Joel Burris, GCG Wealth has 34 advisors with $1 billion in client assets under administration.
“GCG Wealth Management’s unique value proposition continues to resonate strongly with advisors from every channel of the industry,” according to Burris. “Both Woodbury and Advisor Group have been amazing partners to us since we joined their platform earlier this year.”
Ricketts has nearly 50 years of industry experience, after starting out in the business in 1970 with R. S. Dickson, Powell, Kistler & Crawford; she was with Wells Fargo for 19 years. Craven, who is taking over the business, spent 18 years with Wells Fargo, FINRA BrokerCheck records show.
Harris has been an advisor for 28 years, 13 of those with Wells Dargo. York has 34 years of industry experience and spent the past nine with the wirehouse. Mullins started out as an advisor 15 years ago.
Meanwhile, Nic Delyon, who learned the business from his father Gene, moved to LPL Financial from Wells Fargo FiNet “hoping to acquire other practices within the next year or so. The Rocklin, California-based advisor says he is “impressed with LPL’s solutions that could make the process easier and most cost effective.”
He spent the past eight years with Wells Fargo. “The ability to use third-party software that works in sync with everything else with ClientWorks Connected is a huge bonus,” he said.