In its latest recruiting grab, Stifel hired three advisors managing more than $200 million in client assets, a spokesman confirmed.
The new hires ― all women advisors ―come from Oppenheimer & Co., Merrill Lynch and Wells Fargo Advisors.
“We are excited to expand the diversity of our financial advisor population across our 360 offices nationwide,” John Pierce, head of recruitment at Stifel, said in a statement.
The St. Louis-based brokerage firm has been aggressively courting talent from rivals, particularly the wirehouses. Last month, a Wells Fargo team that managed $400 million in client assets opened a new branch location for Stifel in Lawton, Oklahoma. A week prior to that, Stifel hired four advisors, including a father-daughter team, from Wells Fargo and Merrill Lynch.
While Raymond James and Stifel are on hiring sprees, Wells Fargo is still losing talent.
The cumulative impact on Stifel's head count, which currently stands at 2,266, should be evident when it reports second quarter earnings until later this month.
Among the firm's latest hires include Shelley Schudlich, an industry veteran of three decades. She previously oversaw $86 million at her previous employer, Oppenheimer, according to Stifel. She joined Stifel's office in Port Huron, Michigan.
Former Merrill Lynch advisor Barbara Hughes joined Stifel in Springfield, Missouri. She was responsible for $60 million in client assets while at Merrill, according to Stifel. Hughes had been with Merrill Lynch since 2008, according to FINRA BrokerCheck records. Prior to that, she worked at Smith Barney.
Marilyn Black, an advisor in Geneva, Illinois, joined Stifel from Wells Fargo, where she oversaw $58 million in client assets, according to her new employer. Black, an advisor of 15 years, had been with Wells Fargo since 2014, according to BrokerCheck records. She has past work experience at Smith Barney.
