J.P. Morgan adds advisers managing more than $3.9B

J.P. Morgan Securities LLC has hired eight advisers around the country who previously managed a total of more than $3.9 billion in assets, the wealth management firm said. In the Northeast, Gerry Aroneo and Ray McLean left Deutsche Bank to join J.P. Morgan in Florham Park, N.J., while Ron Wall was hired from Morgan Stanley Wealth Management in the Philadelphia area. Barry Snyder joined the firm's Palm Beach, Fla., office after working for four years at Credit Suisse Group AG. Tom Ferrero and Everett Puri joined the Atlanta office from Barclays Wealth Americas and UBS Wealth Management Americas, respectively. In the Midwest, a team led by Rick Konecny joined J.P. Morgan from UBS in Chicago, while on the West Coast, J.P. Morgan hired Melissa Whitney in San Francisco from Deutsche Bank, where she spent six years. Those firms could not immediately be reached for comment. JPMorgan Chase & Co., the nation's largest bank, has a relatively small but growing corps of financial advisers in the U.S. Their asset management division employed 2,995 financial advisers in the three-month period ended Sept. 30, up 191 from the prior quarter, according to the bank's latest earnings statement. This is the first set of adviser hires reported by J.P. Morgan this year, according to the InvestmentNews Advisers on the Move database.