Stifel recruiting sweep nets advisors with $563M
Stifel recruited a slew of advisors managing more than $560 million in client assets from four rival firms, according to a company spokesman.
The regional broker-dealer, which has been aggressively courting veteran talent, also opened a new location in Winston-Salem, North Carolina. It’s Stifel’s twelfth branch in the state. Staffing the office are ex-Hilliard Lyons advisors Kevin Lyall and David Havens, who managed $76 million and $29 million in client assets.
“Winston-Salem is a vibrant and growing community, and we are excited to put a flag in the ground with two seasoned professionals in Kevin and David,” Chris McCray, director of Stifel’s Southern Region, said in a statement.
Lyall and Havens each have more than two decades of industry experience and had been registered with Hilliard Lyons for five years, according to FINRA BrokerCheck records.
The duo exited the firm just as Baird closes on acquiring Hilliard Lyons and its roughly 380 advisors. When Stifel last announced a round of new hires, it included a Hilliard Lyons advisor who oversaw $75 million in client assets.
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“Whenever there is an acquisition in the market, advisors tend to kick tires,” John Pierce, Stifel’s head of recruitment, said in a statement.
Among Stifel’s largest new hires are Merrill Lynch advisors Jonathan Peris and Bill Supper, who managed more than $240 million in client assets. They joined Stifel in New York, a spokesman confirmed. The duo had worked at Merrill Lynch for more than a decade, according to BrokerCheck.
Other new hires include Mike Thompson who left Charles Schwab where he managed $100 million in client assets, according to Stifel. He joined the firm in Bellevue, Washington. Thompson has 25 years of industry experience and had spent 19 at Schwab, according to BrokerCheck.
In Ann Arbor, Michigan, Stifel hired former Wells Fargo advisor Robert Henry. He was responsible for $63 million in client assets at the wirehouse, according to his new employer. Henry had been with Wells Fargo for 11 years.
And in Florham Park, New Jersey, advisor Eric Zeltner joined Stifel after four years at Merrill Lynch. He oversaw $55 million in client assets, according to his new employer.
Spokepersons for Merrill and Hilliard were unavailable for comment on the departures. Spokespersons for Schwab and Wells Fargo declined to comment.