---
title: Wells Fargo Adds Massachusetts FA Team from Morgan Stanley
description: FA/RIA Moves & Acquisitions
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---

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# Wells Fargo Adds Massachusetts FA Team from Morgan Stanley

**Written by: ** John Washington, Data Research Analyst 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/patrick-foreman-QbGKgq_LfSA-unsplash.jpg)

The Li Group has transitioned from Morgan Stanley to Wells Fargo in Worcester, Massachusetts. They managed approximately $169 million in assets and generated $1.8 million in annual revenue while at Morgan Stanley. 

The team is led by David Z. Li, a veteran in the industry with 32 years of experience. Li's professional journey began in 1992 at John Hancock Mutual Life Insurance Co., and he has since worked with several financial institutions before his stint at Morgan Stanley starting in 2013. Accompanying Li in the move is junior partner Jason W. Camuti. Camuti started his brokerage career with Merrill Lynch in 2011 and moved to Morgan Stanley alongside Li in 2013.

Simultaneously with this acquisition, Wells Fargo experienced the departure of a different financial advisor team to LPL.

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