Advisers on the Move

Ameriprise nabs brokers from Morgan Stanley, Wells Fargo

Reps managing $391 million join firm's employee unit

Sep 7, 2017 @ 2:49 pm

By InvestmentNews

Brokers who managed a total of $391 million have left Morgan Stanley and Wells Fargo to join the employee unit of Ameriprise.

Alan Blender, who managed $198 million in assets at Morgan Stanley, joined Ameriprise in Fort Lauderdale, Fla. He began his career at Smith Barney Shearson in 1983, moved to UBS in 1984, and remained there until he joined Morgan Stanley in 2008.

Paul and Jesse Sheldon, who managed $193 million in assets at Wells Fargo Advisors along with associate Michael Tuozzoli, joined the firm in in Westport, Conn.

Paul Sheldon is a 42-year veteran of Wells Fargo and its predecessor firms; he began his securities career at Bache & Co. in 1975.

Jesse Sheldon began his career at Oppenheimer in 2006 and moved to A.G. Edwards, another Wells Fargo predecessor, in 2007.


What do you think?

View comments

Recommended for you

Latest news & opinion

Ameriprise to pay $4.5 million to settle SEC charges that five reps stole more than $1 million from clients

Agency censures firm for not protecting clients from thieving brokers.

SEC slaps Lockwood with $200,000 fine over unseen trading costs to clients

Clients were forced to pay fees in addition to the usual wrap charges, the regulator maintains.

Gotcha! 10 lessons from brokers gone bad

These cases show why regulators nabbed reps and firms, and how to avoid their fate.

Tax-credit investigation may trip up Wells Fargo

Justice Department is investigating bank's dealings in tax credits for low-income housing, sources say.

10 biggest boomtowns in America

These metro areas are seeing the biggest influx of people, work opportunities and business growth.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print