U.S. Capital Advisors recruited two teams of advisors that managed approximately $1.3 billion in combined client assets, the firm said.
In the more recent of the moves, veteran wirehouse advisors John Dix and Karee Sampson left Wells Fargo to join U.S. Capital in Dallas. They report to Ford McTee, senior managing director, who oversees the Dallas and Austin markets for the firm.
Dix has more than four decades of industry experience, having started his career in 1972 at Shearson, Hammill & Co., according to FINRA BrokerCheck records.
Sampson started her career at Morgan Stanley in 1984, according to BrokerCheck records.
In a statement, Dix said they made the move to U.S. Capital because they were looking for a more boutique wealth management environment.
A spokeswoman for Wells Fargo declined to comment on the move.
In the second of the two moves, U.S. Capital recruited advisors Joseph Klein, Stephen Hines, and Doug Masterson from Amegy Bank. Together, they oversaw about $1 billion in client assets, according to U.S. Capital. The trio joined the firm's new office in Houston.
All three advisors had been registered with Amegy since 2003, according to BrokerCheck records. A spokeswoman for the bank could not be reached for comment.
Masterson said in a statement that they made the move in part for U.S. Capital's platform, and because they felt that the firm's wholly owned broker-dealer and RIA would allow them to better serve their clients.
Patrick Mendenhall, managing partner at U.S. Capital, says he expects more advisors to join the Houston-based firm this year.
"We are off to a strong start in 2016 with more teams coming shortly. Advisors continue to look for platforms where they can truly have impact for their clients," Mendenhall says.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access