Plus, fast-growing firms boost AUM.
Stifel recruited an Oppenheimer team that managed more than $3.9 billion in client assets. Besides grabbing the mega team, the brokerage also added a former New York governor to its roster of advisers. David Paterson joined a group that manages $2 billion in client assets.
In other recruiting grabs, Benjamin F. Edwards and Ameriprise each landed advisers with combined AUMs of more than $600 million, and a $500 million team left Morgan Stanley for HighTower.
To read the latest round-up of adviser moves, click through our slideshow. Read more: Advisers on the move: Stifel grabs recruits with $1.6B in combined AUM