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.
Ram Palaniappan is the founder and CEO of EarnIn, a fintech company that helps people access their earnings as they work and gain more control over their cash flow. A longtime entrepreneur, Ram started EarnIn after advancing pay to employees at his previous company who needed money before payday.
Schwab services 16,000 RIAs with 2,000 different fee structures. According to the industry's largest custodian, the exact costs come down to "a very personalized negotiation" with the firms.
Blue Owl has borne the brunt of investor angst around private credit and their non-traded BDCs after a scrutinized and eventually scrapped merger of two of its private credit funds in November led the manager to halt redemptions from the non-traded vehicle.
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.
