Stifel snags $418M wirehouse advisors
Stifel strikes again with the onboarding of four wirehouse advisors overseeing approximately $418 million in client assets.
Advisor Jim McLendon, formerly of Wells Fargo, joined the regional broker-dealer in Atlanta in March.
Also this month, a father-son team — Joseph Moceri and Paul Joseph Moceri — joined Stifel in Bloomfield Hills, Michigan. Their former wirehouse was Merrill Lynch.
In February, Michael Lieberman in Florham Park, New Jersey decamped Morgan Stanley to join the BD.
Spokeswomen from the wirehouses didn’t reply to requests for comment on the moves.
Stifel has been touting its capabilities, including lighter bureaucracy and corporate environment, to new hires — factors that have helped lure in top talent. The firm’s headcount stood at 2,222 as of Dec. 31, up 70 advisors from the 2,152 brokers the firm counted a year ago, according to company earnings reports.
The new recruits are not the first set of advisors to trade in their wirehouse. Earlier this year, two $585 million advisors bolted from Merrill Lynch for the competitor.
McLendon has 26 years of industry experience, all of which were spent at Wells Fargo, according to FINRA BrokerCheck records. He got his start at Wachovia Securities, which was later acquired by the wirehouse.
Lieberman has 34 years of industry experience, seven of which he spent at Morgan Stanley before joining Stifel’s ranks, according to BrokerCheck records.
Joseph Moceri has 38 years of experience, the majority of which were spent at Merrill Lynch, according to BrokerCheck records. His son has 14 years of experience, all of which were spent at the wirehouse.
The Moceris will be temporarily based in Bloomfield Hills until the opening of Stifel’s new Private Client Group office in Rochester, Michigan, which will be the firm’s 17th in the state, according to the firm.