Two teams join Wells from rivals

Managed total of nearly $500 million.
OCT 13, 2013
Wells Fargo Advisors LLC has landed two teams of financial advisers managing nearly half a billion dollars in assets, a spokeswoman for the firm said last Monday. Scott Dickerson, Darrell Jones and John Phillips joined the Wells Fargo Advisors branch in Salt Lake City from UBS Wealth Management Americas, where they had $1.98 million in production on $219 million in assets, according to Erica Van Ross, a Wells spokeswoman. A UBS spokesman declined to comment. A father-and-son team, Michael and Wes Climer, respectively, joined Wells Fargo in Charlotte, N.C. The Climer Wealth Management Group managed $220 million in clients' assets and drew $1 million in fees and other revenue over the past 12-month period at Bank of America Merrill Lynch, Ms. Van Ross said in a statement. A spokeswoman for Merrill confirmed the departure.

Latest News

Envestnet launches redesigned trading platform for advisors
Envestnet launches redesigned trading platform for advisors

Envestnet Wealth Trading replaces legacy FolioDynamix tools with a unified platform built for portfolio-wide rebalancing

Orion hits asset milestone, ramps up Denali AI capabilities
Orion hits asset milestone, ramps up Denali AI capabilities

“It's important for our AI solutions to flex into different client needs,” said Orion CEO Natalie Wolfsen.

Beyond performance: Evaluating alternative investments
Beyond performance: Evaluating alternative investments

The same idiosyncrasies that make alts attractive to investors also heighten the importance of due diligence for advisors and firms.

Sensitive-data lapse at SEC intensifies calls to strip CAT of retail investor identifiers
Sensitive-data lapse at SEC intensifies calls to strip CAT of retail investor identifiers

ASA says OIG probe into leaked case files proves personal data poses ongoing risk.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income