Stifel poaches quartet of ex-wirehouse recruits with $800M
After a recruiting pause due to the coronavirus, Stifel Financial is back in the game.
The firm picked up two teams overseeing more than $800 million in client assets from Merrill Lynch and Wells Fargo Advisors. The incoming recruits joined a growing number of advisors who have made career moves in recent weeks following an industrywide slowdown in March.
Advisors Robert Beck and Joshua Hinkle signed with Stifel last week in Center Valley, Pennsylvania. They previously oversaw more than $500 million at their former employer, Wells Fargo.
“Bob and Josh are among the highest-producing advisors in our region, and they are perfect examples of the type of professionals we’re looking to add as we grow Stifel’s footprint throughout central Pennsylvania,” Michael O’Keefe, manager of Stifel’s central Pennsylvania market, said in a statement.
Beck, an advisor of 36 years, had been with Wells Fargo since 2001, according to FINRA BrokerCheck records. Hinkle started his career in 2013 at Morgan Stanley and moved to Wells Fargo three years later.
Daniel Brown, financial advisor associate; Lori Rea, registered client service associate; and Mary Anne Maley, client service associate moved with them to Stifel as well
In Wilmington, North Carolina, Stifel hired former Merrill Lynch advisors Bruce Chappell and Jennifer Santaniello. They previously oversaw $354 million in client assets and made the transition to Stifel last week.
The team spent more than two years searching for a new employer that would fit their practice. “We are absolutely convinced that Stifel provides the best structure and platform enabling us to provide the highest level of client service, he said in a statement.
Chappell and Santaniello have 26 and 20 years of industry experience, respectively, all of it spent at Merrill.
Moving with them to Stifel are Meg George, client relationship manager, and Diane McNamara, registered client service associate.