Wells Fargo Advisors has hired four Morgan Stanley Smith Barney financial advisors with $3.48 million combined annual production and $545 million in assets under management.
The team, which operates under the name RDM/Dillon Group, joined Wells Fargo’s Melville, N.Y., office on Dec. 2.
The team includes Richard Ranieri, who previously oversaw $179.2 million in client assets and had $1.16 million in annual fees and commissions. Ranieri has served in the industry for 28 years, according to Wells Fargo. He worked at Morgan Stanley since September 2005, according to his public registration records at the Financial Industry Regulatory Authority, and served at Merrill Lynch for about five years before that.
David Roberts previously had $185.4 million in client assets under management and $1.17 million in annual production. Roberts has spent 19 years in the industry, Wells Fargo said. He also joined Morgan Stanley in September 2005, FINRA records show, and served at Merrill Lynch before that starting from July 2000.
Michael Rosenberg joins after having had $94 million in assets under management and $617,000 in production. Rosenberg has spent 11 years in the industry, according to Wells Fargo. He also moved to Morgan Stanley in 2005 from Merrill Lynch, which he joined in 2000, according to FINRA records.
Tonia Dillon previously oversaw $86.4 million in client assets and had $542,000 in annual fees and commissions. Dillon has spent 28 years in the industry, according to Wells Fargo, having most recently joined Morgan Stanley in 2005 from UBS Financial Services, where she spent seven years.
Lorie Konish writes for On Wall Street.