Morgan Stanley

The recruits made the move between wirehouses with two client associates.

The head of the advisory group also was returning to where his career started.

The new recruits are industry veterans who oversaw more than $330 million in client assets.

The firm's newest recruits generated $3.5 million in annual revenue.

The firm's newest hire was an ex-Morgan Stanley complex manager.

The wirehouse terminated the broker two days after losing a $34 million arbitration case brought by the client's widow, who alleged elder abuse and other misconduct.

The recruit made more than $1 million in production before making the move, according to the regional broker-dealer.

Earnings have been soft for the industry's biggest brokerages, but lending has helped bolster performance.

The two veteran wirehouse advisers joined Wells Fargo's independent broker-dealer.