Wells Plucks From UBS Again: Grabs Advisors With $410M AUM

Wells Fargo continues to recruit from UBS, plucking four advisors with a combined $410 million in AUM.

Jon M. Miller and Douglas A. Kunzman left UBS to join Wells Fargo in its Lincoln, Neb., office, according to the firm. Together at UBS they managed more than $151 million in combined client assets, a Wells Fargo spokeswoman said. The pair had a combined $1.2 million in production, and are joined by senior registered client associate Tracie Beck, also from UBS.

Miller has been with UBS for the past eight years, according to FINRA broker records. His career includes a dozen years split between Piper Jaffray and U.S. Bank, and two years with Firstier Securities. Kunzman’s 27-year career includes eight years with UBS and 19 years with Piper Jaffray.

In California, William L. Boatwright and Craig A. Diamond leave UBS to join Wells Fargo at its branch in Woodland Hills, a wealthy Los Angeles suburb. The pair managed more than $259 million in client assets, according to Wells Fargo, and a combined $1.6 million in production.

According to FINRA broker records, Diamond had spent his entire career with UBS. Boatwright’s 27-year career includes 16 years with UBS and five years with Prudential.

They are the latest additions to Wells Fargo’s recruitment push on the West Coast, where this year it has already hired advisors managing about $2 billion in assets. Earlier this month, Wells recruited advisor teams managing more than $1.1 billion in assets from wirehouse rivals, with the lion’s share of hires coming from UBS. The largest move in Wells’ California hiring spree was a UBS advisor team managing $479 million in combined client assets in Seal Beach, Calif.

Read more:

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• Wells Fargo Snags $300 Million Team