Stifel Financial says it has recruited 11 advisors from Wells Fargo and other rivals with about $850 million in combined assets.
"We are seeing that advisors are joining us all across the country, because we listen to their needs and let them decide how to take care of their clients," according to John Pierce, Stifel's head of recruitment. "While it might sound trite, when they join Stifel, they join a close-knit family."
One team of advisors formerly with Wells Fargo includes Thomas "Fore" Rembert, John "Mark" Cash, Grant Rembert and William Mode, who are based in Hickory, North Carolina. The team comes to Stifel from Wells Fargo, where it had nearly $290 million in client assets.
Also moving to Stifel from Wells Fargo is Larry Jacobs in White Plains, New York; he has managed about $192 million in client assets. And Nick Steinbach, formerly with Wells Fargo, is now part of Stifel in Naples, Florida; his client assets total $60 million.
Tom LaPorte, Bryan Bertucci and Von Hallauer joined Stifel's Scottsdale, Arizona, office from Raymond James, where they had $234 million in assets.
Sally Harris left LPL Financial to be part of Stifel's Fresno, California, office; she has managed $43 million in client assets.
In addition, Daniel Riley moved to the firm's Pittsburgh office from PNC Investments, where he was responsible for $35 million in client assets.
