Stifel Financial

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.

Morgan Stanley alone lost 11 teams managing about $7 billion after its abrupt exit from the protocol pact, according to recent hiring announcements.

The firm has cast a wide recruitment net, luring practices large and small.

The award marks the largest of its kind this year.

The wirehouses have lost teams overseeing more than $12 billion in client assets over the past month, according to recent hiring announcements.