Advisor moves: Wells Fargo nabs $466M UBS veteran in Naples

Wells Fargo has extended its reach in the Sunshine State as a seasoned veteran from UBS has decided to cross over.

Douglas DiGiorno has joined Wells Fargo Advisors' traditional brokerage channel, bringing more than $466 million in assets and three decades of industry experience.

DiGiorno, who operates through DiGiorno Wealth Management Group in Naples, Florida, arrives from UBS and is joined by support staff Kay DeBoe and Kate Golden.

UBS has been grappling with an exodus of advisors for the past year, though the Swiss-based lender is angling for a turnaround in its US wealth business after it successfully secured a national bank license last month.

DiGiorno's move anchors a broader batch of Wells Fargo recruits this month. Dean Bowen, who manages more than $117 million, joined the Washington, DC office on April 13 from JPMorgan. Giuseppe Gigliotti, with approximately $95 million in assets, came aboard in Melville, New York from Ameriprise on April 20.

James Wetton, overseeing more than $110 million, joined the Frontenac, Missouri office on April 21 from PNC. And Steven Haines, who manages more than $160 million, joined Wells Fargo's bank channel in Philadelphia on April 23, also from PNC.

Combined, DiGiorno and the four additional advisors oversee more than $950 million in assets.

Raymond James picks up $480M Brooklyn team from Wells Fargo's FiNet

Raymond James' independent advisor channel has added a three-advisor team previously affiliated with Wells Fargo Advisors Financial Network.

The new group at Raymond James Financial Services – Alex Lerner, Joseph Matovick, and Oscar Manrique – managed approximately $480 million in client assets at their prior firm and now operates under the name LKMM.

Based in Brooklyn with an additional presence in Bay Harbor, Florida, they are joined by registered client service associate Vladimir Zusman.

The team, which has been recognized on Forbers' best-in-state wealth team list, focuses on wealth management, retirement planning and investment guidance for individuals, families, business owners and retirees.

Lerner, whose nearly three decades of experience includes 16 years at his previous firm, highlighted the trio's newfound "freedom to tailor strategies with greater flexibility while continuing to provide the thoughtful, high-touch guidance our clients have come to expect."

Matovick has been active in financial services since 1995, with a focus on retirement planning and personalized investment strategy. Manrique brings more than two decades of experience, advising clients across Staten Island and greater New York on retirement planning and long-term goal alignment.

JPMorgan adds $400M Goldman Sachs advisor in New York

Chad Schwartz has joined JPMorgan Wealth Management in New York City as a wealth partner, coming from Goldman Sachs where he managed $400 million in assets.

Schwartz, who holds a business administration degree from the University of Michigan's Ross School of Business, has more than 15 years of industry experience.

He joins JPMorgan's boutique offering for high-net-worth and ultra-high-net-worth clients, which provides wealth planning, investing, banking and lending services.

Peter Lazor, a regional director at JPMorgan Wealth Management, said Schwartz brings "the kind of thoughtful, client-first approach that defines how we run our business" and called him "an important part of our continued growth."

The hire follows last week's addition of David Amar and his billion-dollar team from William Blair in Los Angeles.