Wells Fargo Picks Up Advisor With $424M AUM

Financial advisor Jeffrey Fratarcangeli, who managed more than $424 million in client assets while at Merrill Lynch, has joined Wells Fargo Advisors Financial Network, the firm’s independent broker-dealer channel.

Fratarcangeli is based in Birmingham, Mich., with offices in New York and Florida. He is a veteran of the financial services industry, having started his career in 1996 with Dean Witter Reynolds, according to FINRA documents.

Wells Fargo Advisors Financial Network has close to 600 practices managing over $76 billion in assets under management.

“Our supported model of independence helped draw Fratarcangeli, the largest individual financial advisor in terms of AUM to choose us,” said Kent Christian, president of Wells Fargo Advisors Financial Network. “Advisors and practices continue to see the benefit of being able to become independent while leveraging the products, platform and support of a major wirehouse.”

Fratarcangeli graduated from Eastern Michigan University with a bachelor’s in business administration.

Read more:

• Wells Fargo Sets up War Room to Monitor Social Media Sites
• Advisors on the Move: Wells Fargo Picks Up Three Advisors With Almost $500 million AUM
• Wells Fargo Adds to Its Executive Team