Two Credit Suisse teams managing over $1.4 billion in combined client assets passed on an offer to join Wells Fargo, choosing instead to move to J.P. Morgan, a spokeswoman acknowledged.

Credit Suisse and Wells Fargo struck a deal over a month ago, permitting the wirehouse to offer the Swiss firm's advisors up to 300% of their annual production to transition to Wells Fargo, according to people familiar with the matter. However, some advisors have been opting to join other the wirehouse competitors or more specifically, J.P Morgan Securities.

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