Advisers with nearly $700 million in combined client assets have moved from Morgan Stanley and Merrill Lynch to Wells Fargo Advisers, the firm said.
Just this week, John Pasacreta, Jordan Samelson and John Rotando left Morgan Stanley to join Wells Fargo. The trio had overseen $245 million in client assets before making the move and now work for Wells out of Greenwich, Conn., according to the firm.
All three advisers joined Morgan in 2009, FINRA BrokerCheck records show. Pasacreta and Rotando both began their careers with Robert Thomas Securities in 1994 and 1990 respectively. Samelson started in the industry with Meyers Pollock Robbins in 1997, according to BrokerCheck.
Also moving are registered client associates Nancy Meade and Sandra Kapfer. The recruits report to Regional Brokerage Manager Mike Freiheit, Wells said.
Former Morgan Stanley advisers William Browne and Marc Zupicich, who previously oversaw more than $350 million in client assets, also join Wells Fargo Advisers this week. Both join the firm’s Liberty Plaza branch in New York, where they report to Bartholomew Sweeney, branch manager.
Browne, who had been with Morgan since 2005, also has worked for Citigroup and McDonald Investments before starting his career at Financial Northeastern Securities in 1988, BrokerCheck records show. Zupicich began in the industry when he joined Morgan in 2007, according to BrokerCheck.
And arriving at Wells last week was Robert Gorman, who previously had worked for Merrill Lynch. Gordon had overseen more than $100 million in client assets before making the move, Wells said. Operating from Corpus Christi, Texas, Gorman reports to Brian Leeton, branch manager, according to the firm.
Gorman' s career goes back to 1992, when he entered the industry with MML Investor Services, according to BrokerCheck. He joined Merill in 2009.
Wells Fargo also recently recruited more than a half dozen advisers from wirehouse rivals to move to its independent channel. The recruits, who oversaw more than $550 million in client assets combined before switching firms, moved from UBS and Morgan Stanley.
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