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HilltopSecurities scoops $382M advisors from rival firms

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HilltopSecurities recruited five advisors from four rival firms who collectively handle $382 million in client assets, according to Justin Luera, the company’s spokesman.

The advisors were previously at Merrill Lynch, Raymond James & Associates, U.S. Bancorp and Ameriprise.

Just last month, HilltopSecurities announced it was expanding its wealth management unit under new leadership. The company’s roots date back to 1946. But the brand, which was launched after the 2016 merger of FirstSouthwest and Southwest Securities, is relatively unknown.

Amy Barnes joined Hilltop’s Springfield, Illinois branch from U.S. Bancorp with $149 million in client assets. She has five years of experience in the financial services industry and also worked at Edward Jones, according to BrokerCheck records.

Shane Abernathy left Investment Professionals for Hilltop’s San Antonio, Texas office. He spent the majority of his 25-year career at Investment Professionals, before and after its acquisition by Ameriprise. Abernathy has $83 million in client assets.

Christophe Dupin de Saint Cyr and Greg Shankle in San Pedro and Hermosa Beach, California, respectively, both join from Raymond James with $80 million in client assets. Dupin de Saint Cyr has 22 years in the industry and worked for firms such as Wells Fargo and Waddell & Reed. Shankle brings 20 years of experience to the firm and was formerly employed at A.G. Edwards & Sons and UBS.

Hilltop’s private client group in Austin, Texas recruited Kranston Kincaid, who left Merrill Lynch with $70 million in assets. Kincaid has seven years of financial experience and spent the majority of his career at Merrill Lynch.

“We’re excited to welcome these talented advisors to the HilltopSecurities family,” said company president Dave Geschke.

Spokeswomen at Raymond James and Ameriprise declined to comment on the departures. U.S. Bancorp and Merrill Lynch did not respond to requests for comment.

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