Wells Fargo has snapped up new advisor hires with more than $1.99 billion in assets under management in its private client group, bank branch-based wealth brokerage services and independent financial network in the past several weeks, WealthBriefing can confirm. 

The largest team joining the private client group includes John Taitague, Tom Krahe, Matt Tatum and Tom Doyle, who join in Richmond, Virginia, from Suntrust. The team previously had $520 million in assets under management and $3.1 million in annual fees and commissions, the report said. Also joining Wells Fargo with the team are client associates Jennifer Smith and Davis Walker. The team reports to Richmond market manager Rob Withers.

The McFadden Group, including financial advisors John McFadden and Pari Hashemi, also join the private client group in Philadelphia. They join from Morgan Stanley Smith Barney, where they had $268 million in assets under management and $954,000 in production. The team reports to branch manager David Lojpersberger.

Last month, it was confirmed that Wells Fargo plans to increase its $444 billion asset management business twofold over the next seven years as its operations extend into international markets, tapping those affected by the European sovereign debt crisis.

Also joining the private client group from Morgan Stanley are financial advisors Alan Metheny, David Clarke and Gary Ledbetter. The team joins in Walnut Creek, California, and previously had $244 million in assets under management and $2.6 million in production. They report to branch manager Kevin Smith.

Two more advisors, Robert Shelton and Donald Reed Mayne, also join the firm’s private client group from Morgan Stanley. Shelton joins in Lafayette, Louisiana, after overseeing $155 million in client assets. Shelton reports to branch manager Ken Meyers. Mayne joins in La Jolla, California, after having $107 million in assets under management. He reports to branch manager David Jones.

In addition, Wells Fargo has also hired William Kennedy from Morgan Keegan to its private client group in Hot Springs Village, Arkansas. Kennedy previously had $125 million in assets under management, and reports to complex manager Greg Strnadel.

In wealth brokerage services, the firm’s business based in bank branches, Wells Fargo has hired Robert Moreland in Baltimore, Maryland, from Merrill Lynch. Moreland previously had $100 million in client assets under management and $868,000 in annual production. He reports to regional brokerage manager Joshua Ritz.

Wells Fargo has also hired two new financial advisor teams to its independent financial network with more than $489 million in assets under management, according to OnWallStreet. Floe Financial Partners moved to Wells Fargo from LPL this week in Pasadena, California. The 12-person team includes advisors Robert Floe, Kenneth Sanchez and Lee Wolfe. Together, they had more than $380 million in assets under management.