$350M advisor with sports, entertainment clientele leaves Wells Fargo for Stifel

Wells Fargo lost an advisor specializing in sports and entertainment to Stifel, a regional broker-dealer which has been on an aggressive hiring streak.

In the past few weeks, Stifel has picked up a slew of new hires, including several advisors previously affiliated with Wells Fargo. The St. Louis-based firm recently reported having 2,193 financial advisors, up from 2,118 for the year-ago period.

Wells Fargo, meanwhile, has reported advisor attrition in recent years following a fake accounts scandal and the departure of two CEOs. The bank had 13,799 brokers at the end of the second quarter, down 427 from the year-ago period, or a 3% loss.

Stifel’s new hire, Joshua Glass, joined the firm in Los Angeles. Glass managed $350 million in client assets while at Wells Fargo, according to his new employer. He’s been ranked on Forbes’ Best-In-State Wealth Advisors and Next-Gen Advisors lists.

His practice “is designed specifically for high-net-worth individuals, with a focus on the sports and entertainment industries,” according to his profile on Wells Fargo’s website, which was still available as of Wednesday.

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He became an advisor with UBS in 2003, according to FINRA BrokerCheck records. He moved to Wells Fargo in 2007.

A spokeswoman for the wirehouse declined to comment.