Two teams join Wells Fargo from Merrill, UBS

Wells Fargo Advisors LLC has landed two teams of advisers managing nearly half a billion dollars in assets, a spokeswoman for the firm said Monday. John Phillips, Darrell Jones and Scott Dickerson 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, 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 last twelve months at Bank of America Merrill Lynch, Ms. Van Ross said in a statement. A spokeswoman for Merrill confirmed the departure.