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.