Wells Fargo picked up two new financial advisors this week with the hiring of Jennifer Suleman from Morgan Stanley Smith Barney and Randal Keeth from Raymond James & Associates.
Ron Edde, a senior executive recruiter at Carlsbad, Calif.-based Armstrong Financial Group, worked with the advisors on the transitions. Wells Fargo confirmed the hires on Friday.
Suleman joined Wells Fargo’s wealth business in Miami on Tuesday from Morgan Stanley. She had about $735,000 in commissions and fees and $300 million in client assets under management, according to Edde.
In San Antonio, Texas, Randal Keeth joined Wells Fargo on Thursday from Raymond James. Keeth previously had $1.1 million in annual production, Wells Fargo confirmed, and about $225 million in client assets under management, according to Edde. Keeth joins Wells Fargo with his partner, Billy Tucker, who serves as a financial consultant. They report to branch manager Hugh Patterson.
“In both cases, the candidates moved primarily to offer a wider array of services to their clients and what they perceived to be a better opportunity to grow their business,” Edde said.
News of those hires follows Wells Fargo’s hiring of nine financial advisors and a manager from rival firms earlier this month.
Lorie Konish writes for On Wall Street.
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