Rodrigo Soto and Santiago Ocampo have left Wells Fargo Advisors to join Jefferies’ wealth management unit in Miami, Citywire Americas has learned.
The advisor duo joined the team of Ernesto de la Fe, the group’s head of Latin American wealth management, as managing directors.
At Wells, Soto and Ocampo ran a client portfolio of $500 million for high net worth investors in Argentina, Chile and Uruguay. A Wells Fargo spokesperson confirmed the pair were part of a team of four that ran a combined client portfolio of $1.1 billion and said they had not yet hired their replacements.
Soto had been with Wells since January 2004 while Ocampo initially joined the group back in 1999. They collectively have over 22 years’ experience in the wealth management industry.
They are joining the firm along with their assistants Anabella Gómez and Hipolito Gamboa and will focus on the same regions as at their previous group.
Jefferies Wealth Management manages close to $10 billion in client assets. It has a total of 55 advisors worldwide and is led by Robert Peyreigne, the group’s global head of wealth management who is based in New York.