Advisors on the Move: Stifel Recruits Advisors With $500 Million AUM
June 30, 2014 7:21 AM
Advisors on the Move
Stifel lured away advisors managing about $500 million in assets from its rivals. But the St. Louis-based firm was not alone in recruiting top talent. Wells Fargo pulled in four advisors managing more than $450 million from rivals UBS and Morgan Stanley. Read about the latest moves and promotions in the latest OWS slideshow.
Stifel Lures Away Raymond James Advisor Trio
Three former Raymond James advisors moved to Stifel, Nicolaus, the traditional employee broker-dealer of Stifel Financial.
Advisors Richard McGalliard, John McHale and Ryan Stewart were previously with Morgan Keegan, which Raymond James acquired in 2013, and are now working from Stifels office in Atlanta. Stifel advisor Robert Chanin has also joined the group from the firms office in Macon, Ga. The four advisors manage a combined $490 million in assets.
The group's senior member, McGalliard, serves as branch manager.
Read more: here
Advisors Richard McGalliard, John McHale and Ryan Stewart were previously with Morgan Keegan, which Raymond James acquired in 2013, and are now working from Stifels office in Atlanta. Stifel advisor Robert Chanin has also joined the group from the firms office in Macon, Ga. The four advisors manage a combined $490 million in assets.
The group's senior member, McGalliard, serves as branch manager.
Read more: here
Wells Fargo Reels in Four Advisors from UBS and Morgan Stanley
Wells Fargo recruited four advisors managing more than $450 million in client assets from rivals UBS and Morgan Stanley.
Father-son advisors Alan and Charles Glick, and their assistant, Pearl Beria, left Morgan Stanley to join Wells Fargo's office in Westwood, Calif., where they report to complex manager Paul Vannuki. The Glicks managed more than $242 million in assets while at Morgan.
Former UBS advisor Shawn Gruver has joined Wells Fargo's office in Manhattan Beach, Calif., where he reports to branch manager David Fahey. Gruver managed more than $109 million in assets while at UBS.
Fromer UBS advisor James Laughlin Sr., who managed more than $97 million in assets, is joining Wells Fargo in Chesterfield, Mo. He reports to branch manager Clyde Pilkington.
Read more: here
Image: James Laughlin Sr.
Father-son advisors Alan and Charles Glick, and their assistant, Pearl Beria, left Morgan Stanley to join Wells Fargo's office in Westwood, Calif., where they report to complex manager Paul Vannuki. The Glicks managed more than $242 million in assets while at Morgan.
Former UBS advisor Shawn Gruver has joined Wells Fargo's office in Manhattan Beach, Calif., where he reports to branch manager David Fahey. Gruver managed more than $109 million in assets while at UBS.
Fromer UBS advisor James Laughlin Sr., who managed more than $97 million in assets, is joining Wells Fargo in Chesterfield, Mo. He reports to branch manager Clyde Pilkington.
Read more: here
Image: James Laughlin Sr.
UBS Team Joins First Kentucky Securities
A UBS advisor team managing about $430 million in assets has left the wirehouse to join regional broker-dealer First Kentucky Securities.
The team, known as Kiper-O'Connor Wealth Management, generated $1.5 million in revenue while at UBS. The group, together since 2005, is based at First Kentucky's Louisville, KY.-office.
The team includes Kevin O'Connor, his son, Ryan OConnor, Steven Kiper, and client service associates Alice Gaughan and Heather Powell.
Read more: here
Image: Kiper-O'Connor Wealth Management
The team, known as Kiper-O'Connor Wealth Management, generated $1.5 million in revenue while at UBS. The group, together since 2005, is based at First Kentucky's Louisville, KY.-office.
The team includes Kevin O'Connor, his son, Ryan OConnor, Steven Kiper, and client service associates Alice Gaughan and Heather Powell.
Read more: here
Image: Kiper-O'Connor Wealth Management
Raymond James Recruits Sterne Agee Advisor Team
Raymond James recruited a father-son advisor team from Sterne Agee, where the group managed more than $200 million in client assets.
Stephen Adams, his son Justin, and registered service associate Carol Hines, joined Raymond James & Associates in San Francisco, where they report to Nathan Clakley, complex manager for Northern California. The team, known as the Adams Group, generated more than $1.1 million in annual fees and commissions while at Sterne Agee.
Read more: here
Image: Justin and Stephen Adams
Stephen Adams, his son Justin, and registered service associate Carol Hines, joined Raymond James & Associates in San Francisco, where they report to Nathan Clakley, complex manager for Northern California. The team, known as the Adams Group, generated more than $1.1 million in annual fees and commissions while at Sterne Agee.
Read more: here
Image: Justin and Stephen Adams
Former BlackRock Managing Director Joins Merrill Lynch
Bank of America Merrill Lynch enticed a former BlackRock managing director out of retirement to become the firms head of affluent segment and strategy.
Mike Bitterly, with nearly 30 years in the industry, will oversee the roll out of client service standards for Merrill's roughly 13,000 advisors, according to the firm.
In his new role, Bitterly will report to Riley Etheride, Merrill's head of client segments and advisor development. Bitterly replaces Ted Durkin, who is transitioning to complex director for the firm's Delaware Main Line Complex.
Read more: here
Image: Mike Bitterly
Mike Bitterly, with nearly 30 years in the industry, will oversee the roll out of client service standards for Merrill's roughly 13,000 advisors, according to the firm.
In his new role, Bitterly will report to Riley Etheride, Merrill's head of client segments and advisor development. Bitterly replaces Ted Durkin, who is transitioning to complex director for the firm's Delaware Main Line Complex.
Read more: here
Image: Mike Bitterly
Merrill Executive Moves to Cantor Fitzgerald
Cantor Fitzgerald Wealth Partners recruited Scott Hotham, a former Merrill Lynch executive, as head of Canter's U.S. private wealth management sales. Hotham has more than two decades of industry experience and most recently served as head of institutional client solutions and strategy at Merrill Lynch.
The recent grab is part of a push by Cantor to rapidly grow its new wealth management division. President and Co-Chief Executive Stan Gregor says he wants to recruit 250 to 350 advisors within three to six years.
Read more: here
The recent grab is part of a push by Cantor to rapidly grow its new wealth management division. President and Co-Chief Executive Stan Gregor says he wants to recruit 250 to 350 advisors within three to six years.
Read more: here
Advisor Team Leaves Stifel to Sign Up With Raymond James
A Stifel advisor team that managed almost $200 million in assets, left the firm to join Raymond James & Associates.
The team, now known as Pucci Financial of Raymond James, generated about $3.1 million in annual fees and commissions while at Stifel. The group joined Raymond James in Goshen, N.Y., about 50 miles north of New York City, and reports to Jeff Zelin, New York metro region complex manager.
The team consists of senior member James M. Pucci, his sons, Jason and James C., associate Jennifer Pucci, who is married to Jason, and senior registered sales associate Diane Nikeshin.
Read more: here
The team, now known as Pucci Financial of Raymond James, generated about $3.1 million in annual fees and commissions while at Stifel. The group joined Raymond James in Goshen, N.Y., about 50 miles north of New York City, and reports to Jeff Zelin, New York metro region complex manager.
The team consists of senior member James M. Pucci, his sons, Jason and James C., associate Jennifer Pucci, who is married to Jason, and senior registered sales associate Diane Nikeshin.
Read more: here
UBS Team Finds a New Home at Stifel
UBS lost an advisor team managing more than $170 million in AUM to Stifel, Nicolaus.
Advisors Clint Weaver and Joe Bozarth joined Stifel and opened an office in Waco, Texas, for the firm. The office is Stifels ninth in the Lone Star state. Weazer and Bozarth are joined by registered client service associate Lanna Zorn.
Read more: here
Advisors Clint Weaver and Joe Bozarth joined Stifel and opened an office in Waco, Texas, for the firm. The office is Stifels ninth in the Lone Star state. Weazer and Bozarth are joined by registered client service associate Lanna Zorn.
Read more: here
RBC Duo Teams Up With Baird
Baird recruited two advisors managing about $230 million in combined assets from rival RBC.
Advisor Monty Reedy joined Baird's San Francisco office as a director. He generated about $1.2 million in revenue while at RBC.
Michael Gegen, who also was a RBC, generated about $800,000 whiel at the firm. He joined Bairds office in Denver.
Read more: here
Advisor Monty Reedy joined Baird's San Francisco office as a director. He generated about $1.2 million in revenue while at RBC.
Michael Gegen, who also was a RBC, generated about $800,000 whiel at the firm. He joined Bairds office in Denver.
Read more: here
