At a glance
- All three joined last month, according to BrokerCheck.
- Kellon Lawrence managed more than $470 million after eight years at Morgan Stanley in Ridgeland, Miss., the largest of the three books.
- Advisors with books of $135 million to $470 million at Morgan Stanley, Merrill Lynch or Edward Jones now have a recent example of Wells Fargo Advisors recruiting at that size.
Wells Fargo Advisors hired advisors from Morgan Stanley, Merrill Lynch and Edward Jones who managed more than $750 million in client assets, Financial Advisor Magazine reported Nov. 9. All three joined last month, according to BrokerCheck.
Kellon Lawrence managed more than $470 million after eight years at Morgan Stanley in Ridgeland, Miss., the largest of the three books. Jon-Marc Blalock brought about $150 million after 11 years at Merrill Lynch in Palm Desert, Calif., supported by Cristina Cardenas. Scott Sharp spent 11 years at Edward Jones in Shelby, N.C., and managed more than $135 million. He joined with senior client associate Ashlea Gregory.
Advisors with books of $135 million to $470 million at Morgan Stanley, Merrill Lynch or Edward Jones now have a recent example of Wells Fargo Advisors recruiting at that size. Terms were not disclosed.
As Private Wealth Daily previously reported, &Partners recruited the $728 million Madison Reserve team from Wells Fargo, also on Nov. 6. That one team is close to the size of this three-firm intake.
Lawrence's book topped the other two combined
Client assets each advisor managed before joining Wells Fargo, $M
- Kellon Lawrence$470M
- Jon-Marc Blalock$150M
- Scott Sharp$135M
Show as table
| Item | Value ($M) |
|---|---|
| Kellon Lawrence | $470M |
| Jon-Marc Blalock | $150M |
| Scott Sharp | $135M |
Reported by the Moves desk from Financial Advisor Magazine and Private Wealth Daily's Moves Wire. Published . Corrections