Wells Fargo lured away a team that oversaw $600 million in client assets from Morgan Stanley, the company said.
These are the latest advisers to join the firm from Morgan; earlier this month Wells Fargo said it enticed over brokers overseeing more than $500 million in combined assets from its wirehouse rival.
Wells Fargo's newest hires include Michael Dechiario, Thomas Charmley, Thomas Soden, Dean Vetsikas and Stacy Robinson. They operate from two offices in Philadelphia and San Rafael, California, a suburb of San Francisco.
Dechiario started his advisory career at Merrill Lynch in 1996, according to FINRA BrokerCheck records. He joined Smith Barney in 2000 and stayed through that firm's merger with Morgan Stanley.
Charmley had been with Smith Barney and Morgan Stanley since 2003.
Soden is a veteran adviser, having started his career at Dean Witter in 1971, according to BrokerCheck records. He later worked for Lehman Brothers and Smith Barney.
Vetsikas started his career in 2005 at Smith Barney, also staying through that firm's merger with Morgan.
A spokeswoman for Morgan Stanley was not immediately available for comment.
Wells Fargo also said it had recruited UBS adviser Gary Jameson. While at UBS, he oversaw $80 million in client assets, according to Wells. He joined the firm's office in Brentwood, Tennessee, where he reports to complex manager Anthony Thorpe.
Jameson started his career at E.F. Hutton in 1986, according to FINRA BrokerCheck records. He later worked for Legg Mason and Smith Barney before joining UBS in 2009.
A UBS spokesman was not immediately available for comment.
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