Wells Fargo Advisors has lured a team of three financial advisors from UBS’s wealth management unit that managed $463m in client assets.

The team, which includes James Percifield, David Heeren and Brad Harber, will operate under the name Madison Street Financial Group.

Percifield and Heeren will join the firm as managing directors-investments, while Brad Harber will join as vice president-investments.

The team will work out of two offices with Heeren based at downtown Chicago and Percifield and Harber will open a new branch in Chesterton, Indiana.

The team previously produced $3.5m in annual fees and commissions.

Heeren said over half of the Madison Street Financial’s assets come from corporate retirement plans and remaining from HNW families.

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Prior to joining UBS, Heeren worked at RBC Dain Rauscher, Smith Barney and Lehman Brothers. Percifield and Harber previously worked with Merrill Lynch before joining UBS.