Wells Fargo Advisors has hired a New York-based team of financial advisors with more than $1 billion in client assets and a combined production of $5.8 million.

The Alpert Group joined Wells Fargo in Woodbury, NY, on September 27 after leaving Morgan Stanley Wealth Management.

The team includes Robert Alpert, Charles Ladenheim, Robert Fusaro and Michael Montuori.

Five client associates - Lisa Alpert, Ann-Marie Iovino, Mary Anne Leap, Kathleen LoBello and Caroline Roman - complete the Alpert Group team.

In other recent news, Danny Ludeman is to retire as head of WFA and will be succeeded in this role on January 1, 2014, by Mary Mack, who currently serves as head of the Wells Fargo Advisors Financial Services Group.