Michael Kawase, Eric Smutko, Audre Schmedes and Anthony Perez move from Ameriprise to Wells Fargo FiNet.
Wells Fargo Advisors FiNet recruited an 11-advisor team from Ameriprise Financial on Oct. 12 to form Orchard Financial Group, according to our tracking.
The team includes Michael Kawase, Eric Smutko, Audre Schmedes and Anthony Perez.
Our tracking does not list transition money, retention terms or an asset base for the move.
Reported by The Advisor's Note desk from Wealth Advisor Daily deal log. Published . Corrections
The first-half transition report counted 932 experienced-advisor recruits against 1,449 departures at the four wirehouses.
The Los Angeles team produced $4.3 million in annual revenue and brought three additional advisors and four support staff, a spokesperson for the hiring firm said.
Month-end client assets, net new assets, advisor counts and recruited assets for Charles Schwab, Stifel, Raymond James, LPL Financial and Ameriprise Financial, from each firm's own SEC filings.
Children born from 2025 through 2028 receive a $1,000 automatic deposit.
Only the excess must be withdrawn, and the 6% penalty runs for each year it stays in.
Practice management, recruiting, RIA M&A and the platforms advisors run on. Daily at 6:45 a.m. ET.
Free. Every morning. Unsubscribe from any edition in one click.