Two veteran advisers left RBC to join Stifel, according to a spokesman.
The team previously oversaw approximately $180 million in assets, according to a person familiar with the matter.
Veteran advisers Mark Wielinga and Rosario Petrizzo joined Stifel in St. Joseph, Michigan. They are
"We are very excited to expand our Michigan footprint," John Pierce, head of adviser recruiting at the firm, said in a statement.
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Ronald Kruszewski says a shift in the size of transition packages, made in response to the fiduciary rule, "benefits us competitively."
January 31 -
The firm's latest hire had spent 17 years at Raymond James and its predecessor firm, Morgan Keegan.
January 24 -
How Ronald Kruszewski is working to make the regional BD into an industry contender.
October 31
Last month, the St. Louis-based firm said it hired a Raymond James branch manager to lead recruiting efforts in Texas.
Stifel's newest recruits made the move in part due to Stifel's investment offerings and technology, Wielinga said in a statement.
Wielinga and Petrizzo had been with RBC since 2008, having previously worked at A.G. Edwards.
Petrizzo started his career at Merrill Lynch in 1981, according to FINRA BrokerCheck records. He later moved to Prudential Securities in 1988. Wielinga began his career at the firm in 1992, per BrokerCheck records.
A spokeswoman for RBC could not be reached for immediate comment.
