Indiana-based hybrid hires former Wells Fargo exec

John Peluso, who spent 35 years at Wells Fargo and its predecessor firms before retiring in September, has joined an Indiana-based hybrid advisory firm, Thurston Springer Financial, as executive vice president and partner.

Peluso had headed Wells Fargo’s clearing operations, First Clearing, since 2012, and earlier presided over its independent broker-dealer, Wells Fargo Financial Advisors Network, known as FiNet.

“After helping hundreds of financial advisors over the past 25 years become independent business owners, it’s been a long-standing dream to sit on the other side of the table,” Peluso said in a statement. “The opportunity to join Thurston Springer came at a perfect time.”

According to the statement, Peluso will focus on promoting the firm’s brand and growth through recruiting, RIA mergers and acquisitions, and minority investments.

“We’re extremely fortunate to have an industry veteran and thought leader like John Peluso join our firm,” Rick Parker, CEO of Thurston Springer, said in the statement.  “We believe with John’s knowledge and reputation, along with our national footprint and nimble wealth management platform, we’re making Thurston Springer a destination for sophisticated advisors and their clients.”