Advisor moves: Wells Fargo nabs RBC, UBS, Citizens advisors with more than $800M in client assets

Wells Fargo Advisors has welcomed defectors from RBC, UBS, and Citizens this week with more than $800 million in client assets, while Raymond James nabbed another Commonwealth ensemble in Wisconsin and an ex-Ameriprise advisor duo defected to LPL. 

Wells Fargo Advisors adds Truman team and three solo hires

Wells Fargo Advisors brought on the Truman Wealth Management Group in Bethesda, Maryland from RBC Capital Markets. Led by Jerry Truman, the team oversees more than $420 million in assets for high-net-worth clients and is joining the firm’s Private Client Group. Truman is joined by registered client associate Steven Ganan.

The firm also added three other advisors in its PCG and bank channel divisions this week, recruiting largely from wirehouse and regional rivals.

In Lake Mary, Florida, Anthony Vitagliano joined from UBS on February 10 with $106 million in assets under management. That same day, WFA recruited Jay Desautels in Burlington, Vermont, also from UBS. Desautels, who oversees more than $165 million in assets, is supported by registered client service associate Kimberly Nassar.

On February 11, the firm added Urja Shah in Morristown, New Jersey, from Citizens Securities. Shah, who oversees more than $130 million in assets, is joining Wells Fargo’s bank channel, bolstering the company’s in-branch advice offering.

Raymond James picks up $730 million Wisconsin team

Raymond James announced the addition a six-advisor group in Green Bay, Wisconsin, that had managed approximately $730 million in client assets at Commonwealth Financial Network. The team operates as Financial Consulting Services and affiliated with Raymond James Financial Services, the company’s independent advisor channel.

The practice is led by advisors Russell Olson, Christopher Lamal, Raymond Krusic, Ryan Spiering, Brian Craig and Nicole Krusic, and is supported by branch operations manager Amanda Hanley and branch professional Renate Diedrick. The group focuses on holistic planning for a mix of business owners, corporate executives and retirees.

“After nearly three decades helping families focus on what matters most, Raymond James’ people-focused culture and innovative resources made for an easy next step for our practice,” Olson said in the announcement. “The firm’s modern tools and private wealth capabilities give our team the support to continue tailoring strategies that reflect each client’s goals in an impactful way.”

Olson began his financial services career in 1997 and joined Raymond James after 13 years at his previous firm. Lamal has 27 years in the industry, while Raymond Krusic has more than 35 years of experience. Spiering entered the business in 2020, and Craig has spent over 23 years in financial services.

The Financial Consulting Services team extends RayJay's winning streak in the competition for Commonwealth advisors, which most recently included a $420 million advisory firm based in Fort Worth, Texas.

LPL Financial attracts Sound Wealth from Ameriprise

On the independent and hybrid side, LPL Financial said advisors Curt Pederson and Britt Saylor of Sound Wealth have joined its broker-dealer and RIA platform from Ameriprise. The duo reported serving approximately $420 million in advisory, brokerage and retirement plan assets and are based in the Seattle and Phoenix areas.

Sound Wealth works primarily with high-net-worth individuals, families, and multigenerational households with complex planning needs, including inheritance and liquidity planning, legacy and philanthropic strategies, and advanced executive compensation work.

The team also advises small business owners on employee benefits such as 401(k) plans and specialized business planning strategies.

“At Sound Wealth, our relationships with clients are deeply personal,” Saylor said in the announcement. “We take the time to truly understand each family’s goals, values and the emotional context behind their financial decisions.”