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.