ON THE MOVE-Wells Fargo hires three advisers from Morgan Stanley

Reuters

March 18 (Reuters) - Wells Fargo Advisors said on Tuesday it hired three financial advisers from Morgan Stanley , where combined they managed almost $500 million in assets.

Gary Parese, Mark Phillips and Tom Nolan joined Wells Fargo's Westport, Connecticut office this month reporting to market manager, Chris Calabrese.

Parese managed about $270 million in assets at Morgan Stanley, while Phillips managed about $120 million and Nolan roughly $100 million.

Their combined industry experience totals more than 80 years and their annual fees and commissions was in excess of $3.1 million.

Morgan Stanley could not be reached for comment.

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