Accelerating its recruiting efforts, Stifel recruited six wirehouse advisors who managed $573 million.
The regional BD’s new hires — all from Wells Fargo except one — cap off a period of aggressive hiring that has brought on a slew of advisors.
“Judging from the number of St. Louis home office visits we’ve been hosting, financial advisors have accelerated the pace of their due diligence,” John Pierce, head of recruitment at Stifel, said in a statement.
In Redding, California, Stifel hired advisors Brad Jackson, Steve Medak, and Josh Wiley. They were collectively responsible for $321 million in client assets, according to their new employer.
Jackson and Wiley started their careers at Wells Fargo predecessor firm A.G. Edwards in 1993 and 2002, respectively, according to FINRA BrokerCheck. Medak moved to A.G. Edwards from Charles Schwab in 2004.
Advisor Eric Allen joined Stifel in Spokane, Washington. He was responsible for $110 million in client assets while at Wells Fargo. A 31-year industry veteran, Allen joined Wells Fargo from regional broker-dealer D.A. Davidson in 2010, according to BrokerCheck records.
In Los Angeles, Stifel hired advisor Bruce Ticknor. He previously oversaw $49 million in client assets while at Wells Fargo, according to Stifel. A longtime advisor, Ticknor has 35 years of experience in the business.
And former Merrill Lynch advisor Clint Anderson joined Stifel in Overland Park, Kansas. Anderson managed $93 million in client assets while at Merrill, according to his new employer. He had been with the wirehouse since 2008, according to BrokerCheck.
A Wells Fargo spokeswoman was unavailable for comment on the departures.
A spokeswoman for Merrill Lynch could not be reached for immediate comment.
