A team that manages about $200 million in client assets left Wells Fargo to join Stratos Wealth Partners, an independent firm affiliated with LPL, according to a spokesman.
Advisors Bob Rittel and Elizabeth Mahoney, along with staff members Teresa Giarrusso and Amy Medlock, will operate from an office in Scottsdale, Ariz.
Rittel said they made the move for Stratos' technology and to be able to offer their clients "truly unbiased and objective" advice.
"Once we decided that we wanted to make a change, it was very clear that Stratos Wealth Partners was the right fit for the long-term direction of our firm," Rittel said in a statement.
Rittel began his career as a bond trader in 1984, according to Stratos. In 1990, he became a financial advisor at A.G. Edwards, staying through that firm's eventual acquisition by Wells Fargo, according to FINRA BrokerCheck records.
Mahoney started her career in 2003 with A.G. Edwards, BrokerCheck records show.
Stratos recruited more than 50 advisors last year, according to a spokesman. The firm's headcount now totals more than 200.