Law, who at US Trust was managing director of the national wealth strategist group, has 20 years of experience in the areas of financial and estate planning. Prior to joining US Trust, he worked for 13 years as an estate and tax attorney in Naples.

In his new role, Law will work with Jeff Erickson, head of investment strategies; John Esquivel, associate, client services; Chuck Jandourek, director, asset management; and Nick Smith, analyst, asset management. The team will provide planning and family dynamics services, asset management, private banking, trust, fiduciary and administrative services.

In a similar move in April, Wells Fargo hired Michael Lee as a relationship manager and wealth planning strategist at Abbot Downing in Chicago, IL. Lee joined from William Blair & Company, where he was a partner and head of corporate and executive services. He also has experience in the areas of wealth, tax and estate planning, having previously been a tax attorney.

Abbot Downing, with $35 billion in client assets and a 40-year history working with UHNW clients, is part of Wells Fargo’s wealth, brokerage and retirement group. Wells Fargo launched the Abbot Downing brand on April 2, 2012, in a move combining two of the firm's UHNW businesses. 

The unit serves clients in all 50 states through offices in San Francisco, CA; Palo Alto, CA; Los Angeles, CA; Scottsdale, AZ; Denver, CO; Houston, TX; Minneapolis, MN; Chicago, IL; Philadelphia, PA; Washington, DC; New York; Charlotte, NC; Winston-Salem, NC; Raleigh, NC; Naples, FL; Jacksonville, FL; and Palm Beach, FL.

Earlier this month, Wells Fargo reported that net income its wealth, brokerage and retirement division rose 4 per cent to $450 million in the third quarter of 2013, as total revenue inched up 1 per cent to $3.3 billion. Year-on-year, net income in this division shot up 33 per cent from $338 million, while total revenue was up 9 per cent