What You Need to Know
- John Tyers, former chief growth officer of AdvisorEngine, has been tapped to lead the independent advisor group at Wells Fargo.
- The industry veteran will report to Jim Hays, the head of Wells Fargo Advisors.
- The announcement comes as Wells Fargo Advisors finished the second quarter with $1.94 trillion in client assets.
Wells Fargo Advisors says it has hired John Tyers to lead its independent advisor group, which includes Wells Fargo Advisors Financial Network (or FiNet), First Clearing and the bank’s RIA custody business.
Tyers most recently was chief growth officer for the fintech firm AdvisorEngine. Earlier, he led the private wealth business of Citizens Financial Group. He also spent seven years at Merrill Lynch, six years at Bear Stearns and six years at Charles Schwab; for the latter two firms, he focused on custody services and platforms for RIAs, independent broker-dealers, single- and multi-family offices, and trust companies.
As part of Tyers’ appointment, the heads of both FiNet — Kent Christian — and First Clearing — John Peula — will report to him starting Friday. Tyers will report to Jim Hays, head of Wells Fargo Advisors.