Subscribe

Two teams join Wells Fargo from Merrill, UBS

Groups from Salt Lake City, Charlotte, N.C., manage close to $500M combined.

Wells Fargo Advisors LLC has landed two teams of advisers managing nearly half a billion dollars in assets, a spokeswoman for the firm said Monday.
John Phillips, Darrell Jones and Scott Dickerson joined the Wells Fargo Advisors branch in Salt Lake City from UBS Wealth Management Americas, where they had $1.98 million in production on $219 million in assets, according to Erica Van Ross, a Wells spokeswoman. A UBS spokesman declined to comment.
A father-and-son team, Michael and Wes Climer, joined Wells Fargo in Charlotte, N.C. The Climer Wealth Management Group managed $220 million in clients’ assets and drew $1 million in fees and other revenue over the last twelve months at Bank of America Merrill Lynch, Ms. Van Ross said in a statement.
A spokeswoman for Merrill confirmed the departure.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Ken Fisher plans to step down as CEO of firm

Billionaire behind Fisher Investments has discussed his intentions for years, but succession plan isn't clear.

DoubleLine’s Jeff Gundlach plans new global bond fund

DoubleLine's Jeffrey Gundlach plans a new global bond fund just as a potential Fed hike could create new risks and opportunities for managers.

Massachusetts’ Galvin investigates fund pricing glitches

Massachusetts' top securities cop is investigating the failure of an accounting platform he said delayed correct pricing for billions of dollars in mutual funds and ETFs.

Voya restricts variable-annuity sales under regulatory pressure

In response to Finra's warning on suitability, the firm's affiliated brokers will no longer sell certain types of L share annuities, a move that puts the company in line with other B-Ds.

ETFs are the next frontier for liquid alternatives

Mutual funds have been the go-to wrapper for alternative strategies, but that's changing.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print