Wells Fargo continues losing advisors to rivals Raymond James and Stifel Financial.

In Salt Lake City, Daniel Kaschmitter and William Gelegotis have joined Raymond James & Associates, the company’s employee advisor broker-dealer, according to a press release from the firm.

The pair previously managed $800 million at Wells Fargo Advisors, Raymond James says. Their team, which operates as KPG of Raymond James, also includes senior investment/portfolio analysts Alexander Kaschmitter and Steven Pagoaga, and senior client service associate Jennifer Zuspan, according to the press release.

Daniel Kaschmitter has been in the industry since 1994 and with Wells Fago since 2003, according to his BrokerCheck profile.

Gelegotis, who’s also been with Wells Fargo since 2003, joined the industry in 1979, according to his BrokerCheck profile.

“We were attracted to Raymond James because of the client-first culture,” Daniel Kaschmitter says in the press release. “The independence and freedom this firm offers and the ability to run your own business is very unique in this industry. In addition, having advanced, cutting-edge technology at the tips of your fingers is unmatched.”

UBS advisors join Stifel

Meanwhile, Zachary Karr has joined the Washington, D.C., private client office of Stifel, Nicolaus & Co., Stifel’s broker-dealer subsidiary, according to a press release from the company. He previously managed $77 million at Wells Fargo Advisors, Stifel says. Karr has been in the industry since 2003 and with Wells Fargo since 2008, according to BrokerCheck.

In addition, Frank (Rick) Bellar Jr. and Frank (Trey) Bellar III have joined Stifel in Cookeville, Tenn. from UBS, where they collectively managed $136 million, Stifel says.

Earlier this year, Stifel already lured three brokers from Wells Fargo in Georgia and Indianapolis who collectively managed $207 million. Stifel also picked up Wells Fargo brokers in December as well as November.

Raymond James, meanwhile, nabbed a pair of advisors in December who were overseeing $330 million at Wells Fargo in Chicago. More Wells Fargo brokers jumped ship for Raymond James in November and October.