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Stifel signs 5 advisors from 3 rivals

Stifel Financial is not resting from recruiting advisors. In fact, they took five.

The regional broker-dealer hired planners from Wells Fargo, Morgan Stanley, and Ameriprise, who collectively managed $307 million in client assets, the firm announced.

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The firm’s been an aggressive recruiter, enticing away veteran talent from its larger wirehouse peers.

“The third quarter is starting off well as financial advisors are becoming aware of our open architecture platforms,” Stifel’s head of recruitment John Pierce said in a statement. The firm will announce their second quarter headcount next week’s earnings report.

The new hires for Stifel, which is headquartered in St.Louis, will join branches in Florida, Michigan, and Arkansas.

These firms scored big with advisors managing $1 billion or more.
July 9

In Southbend, Michigan, Stifel hired 30-year veteran Thomas Brehm, according to FINRA BrokerCheck records. Brehm worked at Ameriprise for the majority of his career, where he had $127 million AUM.

Morgan Stanley lost three advisors who had a total of $140 million, according to their new employer. The trio will form a new private wealth branch for Stifel in Hot Springs, Arkansas. The new hires include two veterans with more than 30 years of experience: Brad Jolly and Gary Williams. Robbie Walker, who has been in the industry for seven years, moved with them.

Christina Karas left Wells Fargo after working there for 16 of her 24 years in the business, according to BrokerCheck. She managed $40 million at the wirehouse, according to Stifel.

Ameriprise did not respond for immediate comment. A spokeswoman for Wells Fargo and Morgan Stanley declined to comment.

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