Advisors With $150M Combined Go Indy With FiNet
Three advisors with $150 million in combined client assets have gone independent with Wells Fargo.
Caleb Kennedy, Leonard Cautela and Kyle Wagner have joined the Wells Fargo Advisors Financial Network, the firm said.
Kennedy moved to Bison Financial group of Melbourne, Fla., from LPL, where he was managing assets worth $79 million, Wells Fargo said. He started his career in 1998 with H&R Block Financial Advisors.
Cautela, a former Morgan Stanley advisor, went independent with Legacy Financials Partners of Fairfield, N.J. He oversaw client assets worth $43 million, during an eight-year stint at the wirehouse, according to Wells. In his 23 year-career, he made stops at Lehman Brothers and Citigroup as well, according to his FINRAs BrokerCheck records.
Wagner, also according to Wells Fargo, managed assets worth $28 million while at GWN Securities, an RIA based in Wayne, Pa. He originally started his career working on the independent side at Wells in 2013, and joined GWN two months later. He now returns to Wells as a member of Wagner & John of Hazleton, Pa.
Earlier in July, Wells Fargo added four wirehouse advisors with $317 million in combined client assets to its independent channel.
- Raymond James Snags $700M FiNet Team
- Raymond James Grabs $275M Team From Wells
- Million-Dollar Advisor Goes Independent With Raymond James