By Andrew Welsch

Wells Fargo hired a former UBS advisor team that managed almost $800 million in client assets and generated $6.7 million in annual revenue, according to the company.

The team joined Wells Fargo in Bellevue, Wash. The group includes financial advisors Kyle Kuykendall, Brett Williams, Paul Adams, and Andrew Dickson, as well as staff members Kevin Tiv, Justin Lewis, and Ann Seidel.

Kuykendall had worked at UBS since 2009, according to BrokerCheck, a public database maintained by industry self-regulatory organization Finra. Williams and Adam also had worked at UBS since 2009, having previously worked at Merrill Lynch. Dickson started his career at UBS in 2016. The team made the switch Friday April 25, according to BrokerCheck.

The departure comes amid a spate of advisor attrition at UBS after the Swiss bank trimmed advisor compensation for 2025. UBS' Americas unit had 5,884 advisors at the end of the first quarter, down from 5,968 advisors at the end of the fourth quarter. For the same period a year ago, UBS reported having 6,079 advisors. The figure includes some staff in Canada and Latin America.

In February, Wells Fargo recruited a Los Angeles-based UBS team that oversaw $1.6 billion in assets under management, the company said.

A representative for UBS was unavailable for immediate comment.

Write to Andrew Welsch at andrew.welsch@barrons.com

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May 05, 2025 15:07 ET (19:07 GMT)

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