Brendan Krebs, managing director, head of advisor recruiting and head of advisor acquisition and integration for Wells Fargo’s wealth and funding administration division, has left the agency, the corporate confirmed.
Krebs, who held that place for lower than a yr, will be part of a competing agency.
James Craven, head of nationwide gross sales at Wells Fargo, will oversee advisor recruiting till a substitute is called.
“12 months over yr, our monetary advisor hiring is up greater than 50%, and immediately tied to the power of our leaders throughout our markets,” mentioned Sol Gindi, head of Wells Fargo Advisors, in an emailed assertion. “I consider we now have the very best leaders within the enterprise who’re spreading the phrase about why Wells Fargo is the correct place for advisors to construct their practices. I’m trying ahead to our continued momentum with James on the helm.”
Simply this week, Wells Fargo recruited two advisors in San Jose, Calif., to its financial institution channel. Jason Lee and Ron Fetsch joined from Morgan Stanley after 9 years with the wirehouse. They’ve $3.8 million in trailing 12-month manufacturing and handle practically $400 million in property.
Krebs began at Wells Fargo in 2015 as a regional enterprise director for the Northeast. Previous to that, he had quick stints at GL Group and Fisher Investments. He began his profession as a monetary advisor at Merrill Lynch.
He didn’t reply to a request for extra particulars previous to publication.
