Wells Fargo recruited three Morgan Stanley advisers who managed more than $500 million in combined client assets, a spokeswoman acknowledged.
In the larger of two moves, advisers Clifford Coury and Mark Pyper joined Wells Fargo Advisors in Salt Lake City last week. They managed more than $340 million, according to the wirehouse. Also moving with the team are Stephanie Daigle, financial consultant, Tyler Kjesbo, and Siga Baker, senior registered client associates, and Loni Smith, client associate.
Coury started his advisory career with Lehman Brothers in 1988, according to FINRA BrokerCheck records. He moved to Smith Barney in 1993, staying through that firm's merger with Morgan Stanley.
Pyper began his career at Smith Barney in 2004, per BrokerCheck.
Also leaving Morgan Stanley is Chuck Miller, who joined Wells Fargo in Atlanta where he reports to Allen Fowler, market manager. He oversaw more than $160 million in client assets, according to Wells Fargo.
Miller started his career at J.C. Bradford in 1997. He later worked for Fahnestock as well as Smith Barney.
A Morgan Stanley spokeswoman was unavailable for immediate comment.
Wells Fargo recently announced that another ex-Morgan Stanley team joined the firm in Paramus, New Jersey. Advisers Brian Latz, John Cicillini and Kenneth Cariota previously managed more than $427 million, according to Wells Fargo.