Wells Fargo Advisors has nabbed five new advisors with $849 million in client assets to its independent brokerage, private client and wealth brokerage divisions.
News of the hires comes as Wells is amidst a hiring tear, having also added advisors with more than $1.9 billion to its various wealth businesses earlier this month.
The largest of the new hires by client assets and production is the Landsberg Bennett Private Wealth Management Group, who joins the firm’s independent brokerage group Financial Network in Punta Gorda, Fla., from Merrill Lynch. The team includes Michael Landsberg, Lewis Bennett and Anthony Dubbaneh. Together, they previously oversaw a total of $493 million in client assets and had a combined $4.2 million in annual fees and commissions.
The team has been registered with Wells Fargo since June 15, according to their public registration records with the Financial Industry Regulatory Authority, or FINRA. Landsberg was at Merrill Lynch for about 18 years, his registration records show, and he also served Morgan Stanley and Fechtor Detwiler & Co. before that. Bennett served at Merrill Lynch for 13 years, while Dubbaneh was at the firm for more than three years prior to the move, according to their registration records.
Salim Kimiagar joins Wells Fargo’s Private Client Group in Woodland Hills, Calif., from Merrill Lynch. He previously had $178 million in client assets under management. Kimiagar comes to the firm with 22 years of experience, according to the firm, and had previously been registered with Merrill Lynch, Bank of America Investment Services and BA Investment Services. He has been registered with Wells Fargo since June 6, according to his FINRA registration records.
Bruce Davidson joins Wells Fargo’s Wealth Brokerage Services Group in Boise, Idaho, from UBS. He previously oversaw $178 million in client assets and had $1.1 million in annual production. Davidson also has 22 years of experience in the industry, according to Wells Fargo. He has been registered with Wells Fargo since June 4, his FINRA records show, and also served at Piper Jaffray and U.S. Bancorp Investments.
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