Wells Fargo (WFC) said Tuesday it recruited five advisors from UBS (UBS) and Morgan Stanley (MS) with a total of $966 million in client assets. All of the advisors joined Wells' Private Client Group.
The advisor team of William Black, Courtenay Hathcock and Frederick Rossetter moved from UBS to Wells Fargo and will be based out of the New York-Penn Center branch.
Together, they have 64 years of industry experience in the industry and $418 million in client assets. They report to branch manager Ted Geller.
Also moving to Wells from UBS is Lou Walsh, who has 17 years of experience and $287 million in client assets. Walsh now works in Jacksonville, Fla., and reports to complex manager Joe Bruno.
Moving to Wells from Morgan Stanley is Eric Zakarin, who has 26 years of industry experience and $261 million in client assets. Zakarin is working out of Wells' Westfield, N.J., office and reports to complex manager Bill Drake.
As of June 30, Wells Fargo had 18,608 registered reps, of which 15,268 are financial advisors, 2,930 are in-bank advisors and the remainder — 408 — work with clients via phone.
Securities America
