Advisers who managed $493 million in combined client assets have joined Ameriprise, a spokeswoman said.

Moving to the employee channel are ex-Morgan Stanley adviser Matthew Schrady, Michael Maher, formerly with Stifel, and Jamie Sutherland, who had been with Wells Fargo.

Schrady oversaw $117 million in client assets while working at Morgan, Ameriprise says. He started his career in 1993 at Dickinson & Co., and went on to work for Olde Discount, J.B. Oxford and Prudential Securities before moving to Morgan in 2000, according to FINRA BrokerCheck records. Schrady is based in San Diego and reports to Branch Manager Joseph DeFalco.

Maher had managed $112 million in client assets while he was at Stifel, according to Amerprise. He now works out of the firm's office in Center Valley, Pa., and reports to Branch Manager Eric Carlson. Maher's career goes back to 1987 when he went to work for Prudential Securities, BrokerCheck records show. He also worked for Legg Mason, Wood Walker and UBS before joining Stifel in 2009.

Sutherland oversaw $80 million in client assets while working for Wells Fargo, Ameriprise says. He began his career at Morgan Stanley in 2000 and moved to Wells in 2005, according to BrokerCheck. He now reports to Branch Manager Gerry Kostuk in Chicago.

Also making moves are former Wells Fargo adviser Bill Austin and Michael Garofalo, formerly with Voya. Both joined the independent side of Ameriprise.

Austin managed $109 million in client assets while he was at Wells, according to Ameriprise. He began his career at A.G. Edwards in 2000 before moving to Wells eight years later, BrokerCheck records show.

Garofalo managed $75 million in client assets while at Voya, Ameriprise says. He joins the firm in Houston. Garofalo started his career at Prime Charter in 1990. He later worked for Prudential Securities, RBC, Allstate and AIG before moving to Voya in 2008.

A spokesman from Stifel declined to comment on Maher's move.

Spokespersons for Morgan, Wells and Voya were not immediately available to comment on the moves.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access