J.P. Morgan has lost an advisor team managing a combined $1.5 billion to Wells Fargo Advisors.
The wirehouse firm reported that long-time financial advisors John Bueno, John Raetz, and Noah Robinson will be joining the firm at its Birmingham, Mich. office.
So far, its been a busy spring for the recruiting team at Wells. The San Francisco-based brokerage firm picked up six financial advisors managing a total of more than $500 million in client assets in May from from Morgan Stanley, Merrill Lynch and UBS.
Bueno, the most senior member among the latest recruits, has been in the financial services industry for 19 years, according to FINRA records. He signed on with J.P Morgan in 2006.
Robinson has been in the industry for eight years, signing on with J.P. Morgan in 2008. Raetz joined in 2007, and has been working in the securities industry for eight years, according to FINRA.