Wells Fargo Hires Houston-Area Broker Team from UBS --Street Moves

By Dow Jones Business News, 
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By Corrie Driebusch

Wells Fargo & Co. ( WFC ) has hired two advisers in the Houston area from rival UBS AG's (UBS, UBSN.VX) U.S. retail brokerage, where they managed more than $300 million in client assets, according to their new firm.

Starting this week, Robert Higley and Robert Gardner III are now working out of the Wells Fargo Advisors branch in Memorial City, Texas.

Mr. Higley started his career at Rotan Mosle in 1973, and stayed with the firm after its acquisition by PaineWebber, according to Financial Industry Regulatory Authority records. In the following three decades he worked for PaineWebber, Dain Rauscher and LPL before joining UBS in 2010, Finra records show.

Mr. Gardner III joined UBS in 1995 and remained there until his move to Wells Fargo, according to Finra records.

A UBS spokesman confirmed the departures but declined to comment further.

(Street Moves chronicles the migration of executives on Wall Street, with a particular emphasis on financial advisers with more than $1 million in annual production and those who manage more than $100 million in client assets.)

Write to Corrie Driebusch at corrie.driebusch@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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  07-02-141618ET
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This article appears in: News Headlines

Referenced Stocks: UBS , WFC

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