Wells Fargo Advisors

Published WirehouseHUB stories filed under Wells Fargo Advisors.

• Wells Fargo and Merrill Pay $4.4M to Eight States Over Minimum Commissions on Tiny Trades

  Merrill Lynch and two Wells Fargo broker-dealers will pay a combined $4.4 million and refund clients after eight states found they charged outsized minimum commissions on very small stock trades.

• Strong Family Team Leaves UBS for Wells Fargo Advisors' Employee Channel in Naples and Birmingham

  Wells Fargo Advisors has picked up a three-generation family practice from UBS Financial Services, adding to a run of UBS departures that have landed at one Wells Fargo channel or another in 2026. left UBS, joined Wells Fargo, Naples

• Merrill and UBS Push First-Half Wirehouse Advisor Losses Past All of 2025

  The four wirehouses ended the first six months of 2026 with 517 fewer experienced advisors than they started with, according to an industry recruiting report covered this week by WealthManagement.com, InvestmentNews and Wealth Solutions Report.

• Ameriprise's Orchard Financial Group Moves to Wells Fargo FiNet in Los Angeles

  Orchard Financial Group, a Los Angeles practice that Ameriprise Financial had marketed as one of its private wealth advisory teams, has moved to Wells Fargo Advisors Financial Network, the bank's independent-contractor broker-dealer known as FiNet. Orchard Financial Group, left Ameriprise, joined Wells Fargo FiNet, Los Angeles

• Merrill Adds About $770M in Teams From Morgan Stanley and Wells Fargo

  Merrill has pulled in two advisory groups that together report roughly $770 million in client assets, according to InvestmentNews, splitting the haul between a New York Park Avenue market hire out of Morgan Stanley and a Boca Raton addition from Wells Fargo Advisors. left Morgan Stanley, joined Merrill, $770M

• LPL Recruits Praxis Financial Partners’ $1.1B FiNet Team in Alpharetta

  LPL Financial said Monday that Praxis Financial Partners, an Alpharetta, Georgia planning practice that had been affiliated with Wells Fargo Advisors Financial Network, has moved onto LPL’s broker-dealer and registered investment adviser platforms with about $1.1 billion in advisory, brokerage and retirement-plan assets. left Wells Fargo FiNet, joined LPL, Alpharetta, $1.1B

• Morgan Stanley Wins $1 Million Loan Award Against Cupertino Advisor Who Went Back to Wells Fargo

  An arbitrator ordered Calvin Shiu to repay the unforgiven balance of his 2022 recruiting note, plus fees and interest that is still running, after he left Morgan Stanley for his old firm in February.

• Wells Tells Most Producing Managers to Choose by Oct. 1

  Most of the roughly 100 producing managers still at Wells have been told, a person familiar with the plan said, to go advisor-only or drop the book by October 1. Wells confirmed the shift to larger complexes and declined to discuss the date.

• UBS Loses $1.3B Cullman/Holt Team to Wells Fargo FiNet Practice Ascend in Ohio

  The Cullman/Holt Group, with about $1.3 billion in client assets, left UBS on Sept. 29 for Ascend Advisory Group, a Dublin, Ohio, practice on Wells Fargo's FiNet platform. left UBS, joined Wells Fargo FiNet, Ohio, $1.3B

• Patrick Rowland & Jacob Sullivan Exit Wells Fargo FiNet, Bring $744M Practice to &Partners

  &Partners is systematically pulling established wirehouse and FiNet practices by offering full independence without the infrastructure headaches. If you're eyeing the exit from Wells Fargo's network, this is the template: stage an internal move first, test the independent model, then cut the cord entirely.

• $744M Wells FiNet Team Joins &Partners After 2024 Internal Move

  Rowland Sullivan left Wells after a 2024 FiNet staging step; &Partners has now pulled multiple Wells-origin books, including Crown Legacy and this $744M Missouri team.

• Patrick Rowland & Jacob Sullivan's $744M Team Exits Wells Fargo for &Partners, Becoming Firm's 127th Practice

  &Partners is systematically harvesting Wells Fargo talent—this is the third significant Missouri-area or Wells-origin team in under a year, signaling a direct pipeline that wirehouse retention teams can no longer ignore.

• James Carlson & Kevin Herron's Redstone Wealth Group Exits UBS for Wedbush, Bringing $500M in AUM to Greensboro

  Wedbush is writing real checks to pull established wirehouse teams into the Southeast — if your UBS branch is seeing restlessness, this move signals the competitive pressure is no longer theoretical. Redstone Wealth Group, left UBS, joined Wedbush, $500M

• UBS Faces $13B AT1 Capital Hit While Bleeding $28B in Advisor Assets in 2026

  UBS is fighting a two-front war: a $13B capital burden from Swiss regulators and a $28B advisor exodus in the U.S. — its 550% recruiting package is the firm's bet that it can buy its way back to stability.

• BofA CEO Moynihan Tells Merrill It Needs More Advisors to Unlock Growth — Here's What That Means for Recruiting

  Merrill Lynch is actively competing for experienced lateral hires again — advisors at rival wirehouses are now a primary recruitment target, and deal structures are likely to improve as the firm races to fill geographic gaps. It Needs More Advisors, left Morgan Stanley

• What Wells Fargo’s Trading Outages Mean for Advisor Retention

  The outages do not prove a broader technology breakdown, but they give top-producing teams another reason to examine vendor resilience, backup execution and infrastructure control. What Wells Fargo team

• Wells Fargo Pulls $17 Billion From Independent Advisors in 2026 Recruiting Surge Backed by $1.5B Revamp

  Wells Fargo is no longer a passive bystander in the recruiting wars. Its dual-channel strategy — employee wirehouse plus FiNet's independent model — gives it a competitive angle that pure wirehouses and pure RIAs cannot replicate. If you're fielding calls from their recruiters, the $17B number tells you they have the momentum to back up whatever deal is on the table.

• Crown Legacy Wealth Exits Wells Fargo with $838M, Joining &Partners' Pacific Northwest Blitz

  &Partners is executing a systematic extraction of large Wells Fargo teams. If you're managing north of $500M at a wirehouse, your firm's retention desk is already under pressure — and your phone is about to ring.

• Forbes-Shook Rankings Collapse: Morgan Stanley's 15,000 Advisors and Wells Fargo Cut Ties After $6M Conflict Scandal

  If you've been using Forbes or Shook rankings in your client decks or prospecting materials, pull them now. Your firm's compliance team is almost certainly already flagging this, and UBS and Merrill Lynch are being watched for their next move.

• UBS Wins $5.5M FINRA Award Against Advisor Terance Takyi After Promissory Note Default

  If you're sitting on a wirehouse forgivable loan, understand that the firm's legal team is prepared to pursue every dollar — courts and FINRA panels consistently side with the employer when promissory notes go unpaid. This case is a reminder that the recruiting bonus is never truly 'free money.'

• Carson Group Acquires $1.8B Wells Fargo FiNet Practice Doyle and Loughman Wealth Management

  Wells Fargo's FiNet channel is hemorrhaging multi-billion-dollar practices to aggressive RIA acquirers like Carson Group — if you're in that channel, expect a call soon, and know your leverage before you pick up.

• OneSeven Hits 22-State Footprint with 4-Year USA Today Win Streak, Intensifying Its Pitch to Wirehouse Breakaways

  If you're a wirehouse producer weighing independence, OneSeven's pitch has gotten materially stronger: 22-state infrastructure, four consecutive national rankings, AI-driven tech, and a leadership team that has lived the transition themselves. The enterprise-value monetization story is the hook that separates them from simple breakaway custodian platforms.

• UBS Lands $1.3B Tampa Team Poached Directly from Bank of America Private Bank

  UBS is targeting Bank of America's private banking clientele in high-growth Florida markets — if you're a BofA advisor in the Southeast managing significant AUM, expect a call. Private bank team, left BofA Private Bank, joined UBS, Tampa, $1.3B

• Glen Sher & Michael Jeshiva Steer $470M Sher Jeshiva Group from Wells Fargo to Ameriprise

  Two high-value moves in one week signal that Wells Fargo's retention challenges and Morgan Stanley's Austin bench depth are both under pressure—and that Ameriprise's wirehouse recruiting machine isn't slowing down. Sher Jeshiva Group, left Wells Fargo, joined Ameriprise, $470M

• Wells Fargo FiNet Lands $1B Palm Beach Practice as South Florida Becomes Independent-Channel Battleground

  FiNet is proving it can pull billion-dollar practices into its independent contractor model without waiting for the firm's upcoming fee-only RIA platform to launch — advisors weighing independence should watch this channel closely before that next product changes the competitive calculus. left Morgan Stanley, joined Wells Fargo FiNet, Palm Beach, $1B

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