Wells Fargo Adds $9.6 Billion in Assets, Recruiting Top Rival Teams

Wells Fargo Advisors recruited financial advisors managing over $9.6 billion in client assets during the first half of May. These new hires joined from Morgan Stanley, UBS, Merrill Lynch, and JPMorgan.

The Taylor Group joined from Morgan Stanley with $5.94 billion in assets. AGT Private Wealth Group moved from UBS with $1.6 billion. Bartoli Private Wealth Management left Morgan Stanley with nearly $1.49 billion.

Sol Gindi, head of Wells Fargo Advisors, attributed the recruitment success to the company's integrated banking and investment capabilities.