Wells Fargo recruited a team that managed $427 million in combined client assets at Morgan Stanley, a spokeswoman confirmed.
Advisers Brian Latz, John Cicillini and Kenneth Cariota joined Wells Fargo Advisors' office in Paramus, N.J. They report to William George, branch manager, and Tim Sheridan, market manager for the New Jersey Highlands Market, according to the firm.
A Morgan Stanley spokeswoman confirmed their departure, but declined to comment further.
Latz had been with Morgan since 1993, according to FINRA BrokerCheck records.
Cicillini started his career with the wirehouse in 1998, per BrokerCheck. He left to join Smith Barney in 2006, and stayed through that firm's later acquisition by Morgan.
Cicillini is a graduate of Wagner College, a private college in the borough of Staten Island in New York, where he played football as a defensive back according to the team's profile on Morgan Stanley's website, which was still available on Tuesday.
Cariota began his advisory career with Lehman Brothers in 1986, later working at UBS and Smith Barney, per BrokerCheck. Like Cicillini, he stayed with the firm following its acquisition by Morgan. His expertise includes comprehensive financial planning for high-net-worth individuals, medical professionals and small business owners, according to the wirehouse's website.
Last month, Wells Fargo recruited a team that oversaw $700 million in assets. That group, which departed J.P. Morgan Private Bank, joined Wells Fargo in Tulsa, Okla.
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