Wells Fargo brokers leave for Benjamin Edwards

A start-up brokerage led by former A.G. Edwards president Tad Edwards, Benjamin F. Edwards & Co, hired a team of veteran A.G. Edwards financial advisers from Wells Fargo.

Craig Schermerhorn, started his career 35 years ago at A.G. Edwards, will open what is the new Edwards' sixth office in Springfield, Illinois.

Earlier in 2007 Wachovia bought A.G. Edwards, which a year later became part of Wells Fargo when the two banking giants merged.

Veteran advisers David Brumme, Mike Dunlap and Tom Pape have also joined  Schermerhorn.