Wells Fargo Advisors recruited two teams of financial advisers from Morgan Stanley Wealth Management with a combined $1 billion in assets.
The larger team of advisers that joined Wells Fargo on Aug. 26 includes Jonathan Schlackman, Alan Weintraub and Joshua Zamat, according to Wells Fargo spokeswoman Emily Acquisto. The three managed about $700 million in assets at Morgan Stanley.
Mr. Schlackman is based out of the firm's New Orleans branch, Mr. Weintraub out of Birmingham, Ala., and Mr. Zamat out of Boca Raton, Fla.
(More: Fired $2.5 billion Merrill adviser finds home at Wells Fargo)
The trio had previously worked at UBS before joining Morgan Stanley in 2008, according to BrokerCheck.
The second team, consisting of advisers Ronald Perry, John Perry, and Robin Johnson, joined Wells Fargo on Sept. 11. They managed more than $300 million in client assets at Morgan Stanley.
Ronald and John Perry will also work out of Boca Raton, Fla., and report to senior vice president branch manager Mike Origlia. Ms. Johnson will work out of the Short Hills, N.J., office and report to branch manager Mark Klein.
Ronald Perry and his son John joined Morgan Stanley and Co. in 2008 following two years at Citigroup Inc., according to BrokerCheck records. They both had worked at Raymond James Financial Services Inc. prior to that.
(See InvestmentNews' Advisers on the Move database.)
A spokeswoman for Morgan Stanley, Margaret Draper, did not immediately return a request for comment.
