After Quick U-turn at Stifel, Fired Nevada Broker Lands at Kestra
A 22-year industry veteran in Henderson, Nevada who last month was pushed out of Stifel, Nicolaus & Co. less than a month after joining from Merrill Lynch has found a new home at independent firm Kestra Investment Services, according to registration records.
DelSignore on Monday registered with Austin, Texas-based Kestra in the same building in Henderson as his former Stifel branch, according to his BrokerCheck report, which, as of Thursday morning, did not show an “employment separation after allegations” disclosure related to his departure from his former firm.
DelSignore did not immediately respond to a request for comment Thursday. A spokesperson for Stifel did not return a request for comment on its plans for a Henderson location.
Stifel’s website, as of Thursday morning, still listed the Henderson office address where DelSignore had been based but did not list any other brokers. The St. Louis-based firm, which employs around 2,300 brokers, has one other Nevada location in Reno.
A Kestra spokesperson also did not return a request for comment on the hire, which appears to reflect a level of comfort with the dismissal, perhaps because it was not customer or client related. Kestra serves roughly 1,700 independent contractor brokers, according to its website.
The broker’s termination followed concerns about improper office behavior, sources familiar with the matter said at the time of DelSignore’s exit.
A recruiter close to the situation had said DelSignore had a falling out with his new Stifel manager after arriving to find an unfurnished office, where a member of Stifel’s transition team then brought his two pit bulls against the broker’s wishes.
Stifel had touted DelSignore’s hire as its entrance into the Las Vegas market while DelSignore had said in the announcement that advisors were “flocking to Stifel for its minimal bureaucracy and for the freedom to serve their clients as they see fit.”
DelSignore, who had been with Merrill since 2012, had managed about $109 million in client assets, according to Stifel’s July announcement of his hire. His production had been around $600,000, according to the headhunter source.
The broker started his career at American Express Financial Advisors in 1999 before joining UBS Wealth Management USA that same year, and moved to Merrill in 2012, according to his BrokerCheck report.