Fifth Third Adds $1B RIA Team, Wells Fargo Snags $784M Morgan Stanley Team, Cetera Welcomes LPL Advisor

Fifth Third Wealth Advisors has recruited a $1 billion Atlanta RIA team, while Wells Fargo Advisors and Cetera have added advisor teams from rival wirehouses and broker-dealers. The moves underscore the banks' and RIA's push into major wealth hubs. Fifth Third's RIA model gives advisors more capacity to focus on relationships and planning, while Wells Fargo Advisors expands its footprint in Atlanta with the addition of a $784 million team from Morgan Stanley.