Wells Fargo Advisors Financial Network

The recruits left rival firms such as UBS and J.P. Morgan to join existing practices at the independent broker-dealer.

Plus, Wells Fargo hires a $700M team from J.P. Morgan Private Bank and helps a $587M Morgan Stanley team go independent.

The group includes two recruits who began their careers in the late 1970s.

Four elite advisers who left the independent channel to launch their own RIA deliver blow to Wells Fargo's target of a best-ever recruiting year.

Also, J.P. Morgan saw a team managing $300 million in client assets go independent.

Former Edward Jones advisor says he left for the freedom to own and market his own eponymous firm as he wishes.

Concerns about the new fiduciary rule helped propel the move, along with a drop in LPL service, an adviser says.

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