Advisers overseeing more than $500 million in combined client assets joined Wells Fargo's independent channel last month, according to a spokesman.
In the largest of several moves, JPMorgan lost two advisers to Wells Fargo Advisers Financial Network. Rajeev Dhillon and Joseph Lesko previously managed more than $253 million, according to Wells Fargo.
They joined an existing independent practice, Capital Strategies. Capital Strategies has offices in Fort Lauderdale, Florida, New York and San Francisco.
A spokeswoman for JPMorgan declined to comment on their departure.
The largest teams to go indie this year managed more than $5 billion in client assets.
In Pittsburgh, UBS advisers Sanjit Khara and James Marcus left the wirehouse to join Heritage Financial Partners, an independent firm affiliated with Wells Fargo FiNet.
Khara and Marcus previously oversaw more than $173 million in client assets, according to Wells Fargo. They joined Heritage Financial Partners, an independent firm affiliated with Wells Fargo FiNet.
Marcus had worked at UBS since 1986, according to FINRA BrokerCheck records. Khara had been with the wirehouse since 2004.
A UBS spokesman was not immediately available for comment.
Leah Warwick is the Senior Content Manager for the American Society of Administrative Professionals (ASAP), the leading provider of training, community, and resources for admin professionals worldwide. ASAP produces the Professional Administrative Certification of Excellence (PACE), online courses, and annual training events, such as the Administrative Professionals Conference (APC) and EA Ignite. Learn more at ASAPorg.com.
A FINRA arbitration panel's decision marked a rare rebuke for a large wealth manager seeking to reclaim money it provided an advisor recruited from a rival.
Dan Rubin is the founder and CEO of YELO Funding, a fintech company that offers income-contingent financing to U.S. college students of all backgrounds. Mr. Rubin has 25 years of principal investing, investment banking, restructuring and operational experience, including roles as co-founding partner of YAD Capital, a private credit investment firm, private equity real estate investor at Halpern Real Estate Ventures and JEN Partners, investment banker at Lehman Brothers and turnaround consultant at Deloitte. He holds an MBA from NYU Stern School of Business.
Edward Jones adviser Christopher Coffman joined Arkfeld Wealth Strategies, which is affiliated with Wells Fargo FiNet. Coffman, who is based in Omaha, Nebraska, oversaw $45 million in client assets while at Edward Jones, according to Wells Fargo.
He had been with the firm for 11 years.
An Edward Jones spokesman was not immediately available for comment.
Eric Cownie, an adviser based in Mars, Pennsylvania, joined Wells Fargo FiNet's Becker Financial Group. He oversees $50 million in client assets, according to Wells Fargo.
Cownie had been registered with Mercer Allied, according to BrokerCheck records.
Wells Fargo's FiNet current has more than 1,300 financial advisors.
