Wells Fargo FiNet reeled in seven advisers from competitors, as the firm continues in its quest to surpass its 2015 recruiting total.
FiNet says it recruited 102 advisers last year. Its newest crop of recruits manages $780 million in client assets, the firm says. They work in three groups in different parts of the country and include the following:
• Chris Jones and Dan Hoffe, of Sarasota, Fla., left J.P. Morgan to join an existing FiNet practice, Capstan Financial Consulting Group. The pair brings more than $280 million in client assets to the practice.
• Robert Duncan, Bradley Newman and Zachary Breverman of Agoura Hills, Calif., left Merrill Lynch to open their own practice, Duncan-Newman Associates. The team manages more than $400 million in client assets.
• James Martin and Brad Seagraves, of Little Rock, Ark., left Morgan Stanley to open Martin Seagraves Wealth Management with more than $100 million in client assets.