Stifel’s has added three advisors worth a combined $217 million from competitors Merrill Lynch, Raymond James and Wunderlich Securities, the company announced.

The nation’s eighth-largest wealth management firm by advisors has sustained recruitment efforts in the wake of its acquisition of Ziegler Wealth Management’s 57 advisors, adding to a roster of more than 2,200 financial advisors.

Phillip Rogers, who managed $106 million at Wunderlich Securities, will join Stifel’s office in Memphis, Tennessee. Rogers started his career with Duncan-Williams in 2002, according to FINRA BrokerCheck records.

The firm's Melbourne, Florida, branch welcomed Philip MacDonald, who came from Merrill Lynch and brings 21 years of experience. MacDonald managed $70 million in client assets while at Merrill Lynch, and has worked with a total of nine firms throughout his career, according to BrokerCheck. MacDonald was joined by his father, Guy MacDonald, who brings 34 years of experience, including two stints at Merrill Lynch that together lasted 22 years.

Brandt Hakanson, a former Raymond James advisor, joined Stifel’s branch in Indianapolis, Indiana. Hakanson managed $41 million and has more than two decades of experience. Prior to Raymond James, Hakanson was with Morgan Stanley and Smith Barney, according to BrokerCheck.

Representatives from Merrill Lynch, Raymond James and Wunderlich were not available for immediate comment.

John Pierce, head of advisor recruitment at Stifel, credited the company’s hiring success to its corporate culture. “Stifel continues to remind advisors from a diverse set of firms that we are a throwback to when our business was fun ― advisor-focused, client-focused with limited bureaucracy while being agnostic to whether your business is fee- or commission-based,” he said in a statement.

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