Image: Bloomberg News
Image: Bloomberg News

Wells Fargo has recently added several recruits managing more than $350 million to its independent advisor network, a spokeswoman said.

In the largest of three moves, former Morgan Stanley advisors Noel Culberson and Kristy Tochihara opened Wells Fargo Advisors Financial Network in Louisville, Colo. They manage more than $186 million in client assets. Tochihara has 26 years of industry experience; Culberson has 11. They joined Morgan Stanley Smith Barney in 2008 from UBS, according to FINRA BrokerCheck records.

Shahab Moradian also left Morgan Stanley to join a satellite office of Capital Strategies, an independent practice affiliated with Wells Fargo FiNet. Capital Strategies is based in Fort Lauderdale, Fla., but Moradian will be based in San Francisco, according to a spokeswoman.

He has more than 13 years of industry experience and manages more than $50 million in client assets.

A spokeswoman for Morgan Stanley could not be reached for comment.

Former Raymond James advisor Steven Collins left that firm's independent channel to join Wells Fargo FiNet in Bethesda, Md. A Wells Fargo spokeswoman said Collins manages more than $132 million in client assets.

Collins had been with Raymond James since 2008, according to FINRA BrokerCheck records. A spokeswoman for the firm declined to comment.

This is not the first recruit that Wells Fargo’s FiNet has picked up from Raymond James so far this year.  Last month, the firm said it hired veteran advisor Mitchell Kauffman, who oversaw more than $200 million in AUM. He joined Wells Fargo’s IBD in Pasadena, Calif. Mitchell had been affiliated with Raymond James’s independent broker-dealer since 1988, according to FINRA BrokerCheck records.

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