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.
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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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By GlobalDataPrior 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.
