Wells Fargo Recruits Morgan Stanley's Taylor Group Managing $6B in Assets
Wells Fargo Advisors has successfully recruited the Taylor Group, a 17-person financial advisory team from Morgan Stanley that oversees nearly $6 billion in client assets. This significant hire, effective May 1, 2026, marks one of the largest additions to Wells Fargo's New York City operations in recent history. Led by James Taylor, a top-ranked next-generation wealth advisor, the team includes eight private wealth financial advisors and nine support staff members. Previously managing $5.94 billion at Morgan Stanley, the group will now operate out of Wells Fargo's branch in the GM Building in midtown Manhattan. The move aligns with Wells Fargo's aggressive recruiting strategy, following recent acquisitions of teams from JPMorgan, UBS, and Citigroup. Patrick Baumann, Wells Fargo's New York City market leader, highlighted that the team aims to leverage the firm's full balance sheet to provide holistic client services. The Taylor Group is noted for its strong industry rankings, including multiple appearances on Forbes and Barron's lists, and its unique family-oriented structure comprising three sets of relatives. This acquisition strengthens Wells Fargo's presence in the competitive high-net-worth wealth management sector.
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Wells Fargo Recruits Morgan Stanley's Taylor Group Managing $6B in Assets
Wells Fargo Advisors has successfully recruited the Taylor Group, a 17-person financial advisory team from Morgan Stanley that oversees nearly $6 billion in client assets. This significant hire, effective May 1, 2026, marks one of the largest additions to Wells Fargo's New York City operations in recent history. Led by James Taylor, a top-ranked next-generation wealth advisor, the team includes eight private wealth financial advisors and nine support staff members. Previously managing $5.94 billion at Morgan Stanley, the group will now operate out of Wells Fargo's branch in the GM Building in midtown Manhattan. The move aligns with Wells Fargo's aggressive recruiting strategy, following recent acquisitions of teams from JPMorgan, UBS, and Citigroup. Patrick Baumann, Wells Fargo's New York City market leader, highlighted that the team aims to leverage the firm's full balance sheet to provide holistic client services. The Taylor Group is noted for its strong industry rankings, including multiple appearances on Forbes and Barron's lists, and its unique family-oriented structure comprising three sets of relatives. This acquisition strengthens Wells Fargo's presence in the competitive high-net-worth wealth management sector.
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