Wells Fargo has hired two advisors with $378 million in combined assets under management to its bank channel.
Former Merrill Lynch advisor Jane Drew left after five years to join Wells Fargo's Wealth Brokerage Services, according to a bank spokeswoman. Drew, who had $278 million in client assets at the time of her departure, will join her daughter Katherine Drew, along with client associate Eric Cordes at the firm's office in Portland, Wells Fargo says.
The team will team up with Chuck Rood, an advisor with Wells Fargo since 2009, and report to Tony Brauner, the firm's senior regional brokerage manager in Portland, the bank says.
With 35 years of total industry experience, Drew also had worked at Morgan Stanley, Citigroup and Ryan Beck, according to FINRA.
Separately, Timothy Pester, most recently an advisor with Key Investment Services, has joined Wells Fargo in Colorado Springs, Colo. He was hired by Southern Colorado regional branch manager Lou Garofano, according to the firm. Pester managed $100 million in AUM while at Key, Wells Fargo says.
Before he worked with Key, Pester worked at Chase Investment Services, as well as Banc One Securities after getting his start in the industry with Dean Witter Reynolds in 1995, according to FINRA records.
Wells Fargo also recently hired senior officer Jasmine Jirele from Allianz Life to lead its roughly 300-member trust operations team.