Advisers with $180M join Stifel
Stifel recruited two advisers who oversaw a combined $180 million in client assets, spokesman said.
Both new hires joined the regional firm in Rancho Bernardo, California.
Adviser Joseph Mamer oversaw $96 million while at RBC, according to Stifel. Mamer is an industry veteran having started his career at First Jersey Securities in 1985, according to FINRA BrokerCheck records. He later worked at A.G. Edwards before joining RBC in 2007.
Stifel's other new hire, wirehouse adviser Jason Rudolph, managed $84 million in client assets while at Morgan Stanley, according to the regional firm.
Rudolph had been with Morgan since joining the industry in 2003, per BrokerCheck.
An RBC spokeswoman could not be reached for immediate comment while a Morgan Stanley spokeswoman declined to comment on the departure.
St. Louis-based Stifel has been on a recruiting push this year.
In this case, John Lee, the firm's western region director, cited the efforts of Jeff McCoy, manager of the Rancho Bernardo office. McCoy also added that differences in corporate cultures, as well as business strategies, continue to play a role in Stifel's ability to attract new advisers.
"We remain a great option for advisers who are weary of the bureaucratic bank models and their cross-selling pressures," he said in a statement.