Wells Fargo continues bleeding advisors despite efforts to rebuild its scandal-hit reputation, most recently losing another team to LPL Financial, according to LPL.

Fresno, Calif.-based Team Preheim Advisory has joined LPL’s broker-dealer and corporate RIA platforms, according to a press release from LPL.

Team Preheim previously managed around $105 million in brokerage, retirement plan and advisory assets at Wells Fargo Advisors, LPL says.

“I had to find an independent broker-dealer that allows me to provide custom wealth management to my clients. LPL’s platform accomplishes that,” Karl Preheim, Team Preheim’s founder, says in the press release. “And beyond that, the technology and resources make me more efficient and the firm’s size and scale afford a lot of opportunity to be able to advance my firm.”

Preheim, who started his financial services career at Lehman Brothers in 1993, had joined Wells Fargo in 2003, according to his BrokerCheck profile.

This is at least the second advisor practice to leave Wells Fargo for LPL this year. In January, LPL nabbed a South Carolina practice that managed around $360 million at Wells Fargo Advisors Financial Network.

Wells Fargo has been shedding advisors to rivals for more than two years now, following the 2016 revelations about a massive fake-account scandal in the company’s retail bank and, starting at the end of 2017, an investigation by the SEC and the Justice Department into the sales practices in Wells Fargo’s wealth management business.

So far this year, the company has also lost advisors to Raymond James, AdvicePeriod, First Republic Bank, TD Ameritrade, Ameriprise and Carson Wealth.

LPL, meanwhile, had added around 1,000 advisors in 2018, as reported.

In January, LPL lured back a practice from archrival Cetera that managed around $120 million. The same month, LPL picked up a practice previously affiliated with Kestra Financial, a bank-based wealth management group previously affiliated with Raymond James and a credit union’s wealth management team from CUSO Financial Services.

But this year LPL also already has lost a retirement plan-focused firm overseeing more than $10 billion in assets under administration to Triad Advisors and Resources Investment Advisors.