Wells Fargo Advisors has lured away a nearly $1 billion wealth management practice from J.P. Morgan Private Bank.

The St. Louis-based firm announced Monday that Reed, Gates, Strait Wealth Management Group has joined the company's office in Lexington, Ky. The group consists of advisors Mike Reed, Zach Gates and Eli Strait, who managed more than $972 million in combined client assets and deposits at J.P. Morgan. The trio has been in the brokerage business for a combined 28 years, according to BrokerCheck records.

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