Wells Fargo Advisors has expanded its presence in Florida by recruiting Douglas DiGiorno, a 30-year industry veteran who previously managed over $466 million in client assets at UBS. DiGiorno, operating as DiGiorno Wealth Management Group in Naples, joins the firm's traditional brokerage channel along with support staff Kay DeBoe and Kate Golden.
The addition of DiGiorno is part of a broader hiring wave at Wells Fargo in April. Dean Bowen, who oversaw more than $117 million, joined the Washington, D.C. office on April 13 from JPMorgan. Giuseppe Gigliotti, with approximately $95 million in assets, came aboard in Melville, New York from Ameriprise on April 20. James Wetton, managing over $110 million, joined the Frontenac, Missouri office on April 21 from PNC. Steven Haines, who managed more than $160 million, joined Wells Fargo's bank channel in Philadelphia on April 23, also from PNC. Combined, DiGiorno and the four additional advisors oversee more than $950 million in assets.
Raymond James' independent advisor channel has added a three-advisor team previously affiliated with Wells Fargo Advisors Financial Network (FiNet). The new group at Raymond James Financial Services—Alex Lerner, Joseph Matovick, and Oscar Manrique—managed approximately $480 million in client assets at their prior firm and now operates under the name LKMM. Based in Brooklyn with an additional presence in Bay Harbor, Florida, they are joined by registered client service associate Vladimir Zusman. The team has been recognized on Forbes' best-in-state wealth team list and focuses on wealth management, retirement planning, and investment guidance for individuals, families, business owners, and retirees.
Lerner, whose nearly three decades of experience include 16 years at his previous firm, emphasized the trio's newfound ability to tailor strategies with greater flexibility while maintaining high-touch client guidance. Matovick has been active in financial services since 1995, focusing on retirement planning and personalized investment strategy. Manrique brings more than two decades of experience advising clients across Staten Island and greater New York on retirement planning and long-term goal alignment.
JPMorgan Wealth Management has hired Chad Schwartz as a wealth partner in New York City. Schwartz joins from Goldman Sachs, where he managed $400 million in assets. He holds a business administration degree from the University of Michigan's Ross School of Business and has more than 15 years of industry experience. Schwartz will serve JPMorgan's boutique offering for high-net-worth and ultra-high-net-worth clients, which provides wealth planning, investing, banking, and lending services.
Peter Lazor, a regional director at JPMorgan Wealth Management, praised Schwartz for bringing a thoughtful, client-first approach that aligns with the firm's business model, calling him an important part of continued growth.
These moves reflect ongoing advisor mobility across wealth management channels. For context, recent industry trends show that firms like LPL Financial and Osaic have also been active in recruiting, as highlighted in LPL-Affiliated Genesis Wealth Hires JPMorgan Veteran with $725M; UBS Adds $2B in Southeast; Osaic Lures $300M Team from Wells Fargo. Additionally, Carson Adds $1.1B Florida Team from Osaic; Cresset Hires JPMorgan Veteran; Sanctuary Aids Merrill Breakaway underscores the competitive landscape for top talent.
As advisor movement continues to accelerate, firms are leveraging both traditional and independent channels to attract experienced teams with substantial books of business. The combined assets of the three hires highlighted here exceed $1.8 billion, signaling robust recruiting activity across the wealth management industry.
