Wells Fargo signs $1.5 billion Michigan team

Three financial advisers who collectively managed $1.5 billion in client assets are leaving J.P. Morgan Private Client Service Group to join Wells Fargo Advisors. John Bueno, John Raetz and Noah Robinson, who together have more than 45 years of experience, will move to the Wells Fargo office in Birmingham, Mich. (See the latest adviser moves) “We moved because there was a lot of changes occurring at our former employer, and a lot of those changes weren't to the benefit of our clients or us as employees,” said Mr. Bueno. [Wells Fargo] offered us stability and consistency in a bank that has been here for 160 years. Being able to be with the real big national bank and be able to deliver it at the local level, it's the way we used to be a long time ago, and they never strayed away from that at Wells.” J.P. Morgan did not have an immediate comment. “John, John and Noah have a strong reputation and commitment for putting their clients' financial success first,” Kevin Dailey, regional brokerage manager for Wells Fargo Advisors, said in a prepared statement. “We are proud to welcome them to the firm.” Wells Fargo Advisors had $1.4 trillion in client assets as of the end of March 2014, and has more than 15,000 financial advisers.