Stifel Financial

The firm poached two advisors from its rivals as it expands its talent pool.

Anticipating volatility and its implications could make a big difference.

Among recent career changes, Merrill Lynch lost brokers managing $2.2 billion to rival J.P. Morgan Securities.

“We’re going from a Civic to a Cadillac,” advisor says of the move.

The move marks the firm's second hire in the past week.

The advisors joined the firm's recently opened office in Flint, Michigan.

‘This move highlights the increasing regulatory burdens faced by independents and the solutions that Stifel can offer,’ regional director Kevin Ortmeyer says.

Stifel says the fact that it owns a bank — instead of being owned by one — is a big appeal in recruiting.

To get in on hot IPOs, a client delivered cash payments to the broker at bars and restaurants, the regulator alleges.

The firm also opened a new branch office in Flint, Michigan.