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Wells Fargo's Abbot Downing hires veteran adviser from Bessemer Trust

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A veteran adviser left Bessemer Trust to join Abbot Downing, a Wells Fargo unit that serves ultrawealthy clients, according to the firm.

Jay Goetschius, who has worked in financial services for 25 years, joined Abbot Downing's New York office as a managing director, the firm says.

He spent 13 years at BNY Mellon as head of business development for New York City, according to Abbot Downing. Goetschius moved to Bessemer Trust in 2012, according to FINRA BrokerCheck records. While there, he served as a senior wealth adviser in their office in Palm Beach, Fla., Abbot Downing says.

A Bessemer Trust spokeswoman was not immediately available for a comment.

Paul Cummings, Abbot Downing's Northeast regional managing director, says in a statement that Goetschius' analytical skills and depth of experience will be strong assets for the firm.

"Abbot Downing clients are looking for wealth managers who can go beyond the numbers to help them use their wealth to positively impact their families and their communities," Cumming says.

Abbot Downing manages over $38 billion in client assets, according to the firm.

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