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Stifel nabs Wells Fargo complex manager to boost expansion efforts

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Stifel enticed away a Wells Fargo complex manager to help further its mission of aggressively recruiting new advisers, particularly from wirehouses.

Kevin Ortmeyer joined the regional brokerage firm this week, according to FINRA BrokerCheck records. A spokesman confirmed the new hire.

Ortmeyer will serve as a regional director in St. Louis and oversee Stifel's expansion efforts primarily in the middle of the country: Colorado, Illinois, Kansas, Missouri, Oklahoma and Texas.

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While at Wells Fargo, Ortmeyer worked as a market manager in Naperville, a suburb of Chicago. Except for a three-year period interval at PaineWebber, he had been with Wells Fargo and its predecessor firms since joining the industry in 1987, per BrokerCheck.

Ortmeyer said he was attracted to Stifel due to its growth.

"Stifel is a fast-growing company with a lot of upside, and I love the entrepreneurial culture for clients and advisers here," he said in a statement.

In recent months, the St. Louis-based Stifel has recruited a number of new teams. In May, the firm hired an ex-UBS adviser who oversaw $105 million as well as a Raymond James team that managed $160 million in client assets.

Plus, there was a personal dimension for the Missouri State University graduate.

"Having grown up in central Missouri and lived in St. Louis, I’m excited to come home," Ortmeyer said.

A Wells Fargo spokeswoman could not be reached for immediate comment.

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