Wells Fargo signs $1.5 billion Michigan team

Wells Fargo signs $1.5 billion Michigan team
Trio previously worked at J.P. Morgan Private Client Service Group.
MAY 27, 2014
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.

Latest News

Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up
Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up

Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.

UBS loses $1.2 million arbitration claim linked to variable annuities and margin
UBS loses $1.2 million arbitration claim linked to variable annuities and margin

UBS has a history of costly litigation stemming from the sale of volatile investment products.

'We are monitoring the situation,' SEC says of private funds
'We are monitoring the situation,' SEC says of private funds

New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.

Separating math from emotion key to a successful retirement, says JPMorgan
Separating math from emotion key to a successful retirement, says JPMorgan

Advisors can help “separate the math from the emotion” when it comes to retirement, says JPMorgan’s Michael Conrath.

Nitrogen launches Legacy Center to close generational wealth transfer gap
Nitrogen launches Legacy Center to close generational wealth transfer gap

New product gives advisors a structured way to introduce themselves to clients' heirs before assets change hands.

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline

SPONSORED The barbell era: How ultra-wealthy investors are positioning for what comes next

Ultra-high-net-worth investors aren’t retreating from risk. They're redefining it, balancing safety with selective conviction