$140M Wells Fargo team joins Stifel
Stifel recruited two advisers from Wells Fargo where they managed $140 million in client assets, a spokesman confirmed.
Advisers Thomas Schmidt and his son Bradley joined Stifel's office in Chesterfield, Missouri, a suburb of St. Louis. They report to Bob Beckmann, branch manager.
The elder Schmidt started his advisory career at Lehman Brothers in 1984, according to FINRA BrokerCheck records. He moved to Smith Barney in 1993, and joined Wells Fargo in 2005.
His son joined him at the wirehouse in 2011.
Also moving with the team are Registered Client Service Associate Stephanie Schmidt, Thomas' wife, and Client Service Associate Susan Rutledge.
A Wells Fargo spokeswoman was not immediately available for comment.
Last week, St. Louis-based Stifel said it was acquiring City Financial, an Indianapolis-based firm with a public finance business and a wealth management unit that has 40 financial advisers overseeing about $4 billion in client assets.