Wells Fargo Advisors (WFC) said Friday that a group four advisors joined the broker-dealer in Woodbury, N.Y., from Morgan Stanley.
The group has more than $1 billion in assets and about $5.8 million in combined yearly fees and commissions, according to Wells Fargo. It includes advisors Robert Alpert, Charles Ladenheim, Robert Fusaro and Michael Montuori, who collectively have more than 80 years of industry experience, and five client associates.
"There are three qualities that we believe are most important in building success for our clients — trust, service and hard work," said Robert Alpert, in a press release. "After much thought and consideration, we made the move to Wells Fargo Advisors because they understand our philosophy when it comes to building success for our clients and because we believe in the strength of the Wells Fargo brand."
In early September, Wells added five advisors from UBS (UBS) and Morgan Stanley (MS) with a total of $966 million in client assets.