People Moves
Wells Fargo Bolsters Broker Force, Independent Channel With Raft Of Hires
Wells Fargo Advisors has extended its footprint across four states with seven hires from Morgan Stanley Wealth Management and Edward Jones.
The new hires managed $776 million in combined client assets at their former firms and have joined Wells Fargo Advisors' private client group in Florida, Maryland, New Jersey and Virginia.
In Winter Haven, FL, Richard Meadows, Paul Seifert and Michael Fettig - the Meadows, Seifert, Fettig Group - joined from Morgan Stanley Wealth Management, where they managed $266 million in client assets. They are now based in Lakeland and will report to branch manager Christian Rafool.
Further north in Maryland, Howard Mirvis and Larry Holmes - also latterly of Morgan Stanley - have stepped into Wells Fargo’s Lutherville office, where they report to Matthew Glenn. The Mirvis-Holmes Group previously managed $220 million in client assets and had T-12 production of $1.6 million.
Gary Pollick also joined from Morgan Stanley, where he managed $178 million in client assets. He now works in Paramus, NJ, and reports to complex manager Chris Leavy.
Lastly Betty Schutte-Box - latterly of Edward Jones - joins Wells Fargo in Richmond, VA. Schutte-Box, who formerly managed $112 million in client assets, now reports to market manager Rob Withers.
Wells Fargo Advisors has $1.2 trillion in client assets, as at March 31, 2013.
Wells Fargo Advisor Financial Network hires
In a separate announcement, Wells Fargo Advisors Financial Network - Wells Fargo’s independent brokerage arm - has added two practices in Seattle, WA, with a combined $549 million in assets under management.
In Mercer Island, Butler Wealth Management is comprised of financial advisors Jim Butler and his two sons, Jim Butler and Neil Butler.
The team joins from Merrill Lynch. Butler Wealth Management has $1.3 million in production and over $356 million in AuM.
In Lynnwood, O’Neal & Brokaw Private Retirement Group - comprised of Teresa Brokaw, Don O’Neal and Trent O’Neal - joins from Merrill Lynch. The team has $1.4 million in production and $193 million in AuM.
Wells Fargo Advisors Financial Network has over 560 practices with some $68 billion in AuM collectively.
