Stifel
Stifel Hires Wells FiNet Exec to Push into Independent Brokerage
Stifel Financial has hired Wells Fargo Advisors Financial Network executive Alex David to help it expand a newly rebranded independent contractor channel.
Fired by Wirehouse for Unapproved Outside Business, Texas Broker Relocates to Stifel
Robert Mitchell, a million-dollar-plus producer at Morgan Stanley, follows the lead of others fired for compliance missteps by joining a regional firm.
Stifel Nabs Merrill Team Managing $1.35 Billion in Dallas
Group of four brokers had been generating $4.6 million in fees and commissions, according to the team leader.
Stifel CEO: Broker Recruiting to ‘Accelerate’ in 2021
The firm added 131 advisors last year, down from the 150 who joined in 2019, but CEO Ron Kruszewski forecasted a pick-up in hiring even as a rival warned of increased competition.
Stifel Hires 33-Year Brokerage Vet from Jefferies in Dallas
Broker had been managing over $200 million in client assets, according to two sources familiar with his practice.
Finra Hits Another Veteran Broker Over UIT Sales
Regulator’s crackdown on unsuitable short-term trading of UITs hits former Stifel broker, now with Wells Fargo, who agreed to a $10,000 fine and three-month suspension.
Stifel CEO Tweaks the Competition
Stifel Chairman and Chief Executive Ron Kruszewski said he welcomes recruiting competition from banks because his firm’s advantage lies in not pushing brokers to cross-sell bank products.
Wells Brokers with $405 Million Leave for Stifel, Cite Small Account Policies
Wells’ payout penalties on lower-net worth accounts didn’t mesh with West Virginia brokers’ small-town client base.
J.P. Morgan Hires $315 Mln Morgan Stanley Trio in Philly, Loses $1.2 Bln Team in NYC
J.P. Morgan Securities emigrees to RBC have 89 years of experience and a big book of music and entertainment clients, while its new arrivals had been with Morgan Stanley and predecessors for 87 years.
Stifel Lands $1.75-Million Husband-and-Wife UBS Team in New Mexico
Separately, UBS hired a novice broker to supplement a big Boston team and nabbed a bank-based broker in Ohio.
$3.7-Million Wells Fargo Bank Team Joins LPL’s ‘Wirehouse’ Channel
Two brokers who managed $500 million in client assets are the third group to join LPL’s five-month-old “Strategic Wealth Services” affiliation model.
