A Wells Fargo advisor has left the wirehouse to join RIA U.S. Capital Advisors.
As part of a three-person team at Wells Fargo Advisors, Morris Gottesman managed $550 million in assets and generated more than $2.5 million in annual revenue, according to Pat Mendenhall, managing partner and head of wealth management at the Houston-based U.S. Capital.
The firm has two other offices in Texas, including one in Austin, where Gottesman now works. A third office is located in Dallas.
A Wells Fargo spokesperson confirmed Gottesman's departure. He was a founding member of Gottesman Krumholz Siegel Group of Wells Fargo Advisors, according to the group's website. His two partners, Robert Krumholz and Becca Siegel, are still with Wells, according to FINRA records.
Gottesman also is reuniting with his former Wells Fargo supervisor, Ford McTee. McTee is currently senior managing director and Austin market manager at U.S. Capital. Gottesman started his career at Shearson in 1988, according to FINRA records. He moved to Prudential Securities in 2001, staying through the firm's mergers with Wachovia and later Wells Fargo.
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