Wells Fargo Advisors loses $850 million hybrid RIA to Triad Advisors

Triad Advisors, an independent broker-dealer in Ladenburg Thalmann Financial Services Inc.'s network, has nabbed an $850 million team from Wells Fargo Advisors. Stonebridge Financial Group, based in Wormleysburg, Pa., is headed by co-directors Brian McCarver, Jonathan Freeman and Jim Kampstra. The firm manages $850 million in brokerage and advisory assets for clients and has seven financial advisers, a portfolio analyst and 11 support staff. (Video: How Wells Fargo's scandals have affected its advisers) The departure represents the latest instance of the attrition being experienced by Wells Fargo Advisors. In the wake of multiple scandals at the bank, the wirehouse has seen a massive outflow of hundreds of brokers and billions of dollars in client assets over the past two years, according to a recent InvestmentNews investigation.