Regional BDs

The new hires signed on with the firm’s employee broker-dealer.

The wins came at the expense of Merrill Lynch, UBS, Raymond James and Wells Fargo.

It was Ray Jay’s tech and in-house marketing agency that initially appealed to the team.

It has been a banner year for regional BDs as more than 400 planners joined the fold, according to hiring data analyzed by On Wall Street.

It’s the second biggest move in 2019, and includes an advisor featured in On Wall Street’s Top 40 Under 40.

On the losing side of this exchange: Wells Fargo, UBS and Merrill Lynch.

The firm's top recruiter explained its approach to helping advisors keep up with a rapidly changing profession.

The new hires come from rivals Merrill Lynch, Wells Fargo and RBC.

Know a talented young advisor? Now’s your chance to nominate them for the annual On Wall Street rankings.

The firm also opened a new branch office to house its recruits.

By signing a deal with iCapital Network, the regional brokerage aims to provide clients "a more comprehensive set of solutions."

The new hires came at the expense of Merrill Lynch and Wells Fargo.

The advisors opened Stifel's 17th new branch office this year.

Two of the new hires have more than 20 years of industry experience each.

Two dozen advisors left the wirehouse in recent months to join the regional BD.

More than 400 advisors joined regional BDs last year, according to hiring announcements and BrokerCheck data.

The departures include a team that managed $380 million.

“I can’t remember seeing so many $5 million to $10 million [advisors] in the pipeline,” CEO Paul Reilly said.

CEO Jim Cracchiolo says the firm is focused on “holistic advice rather than a free trade” after wealth management client assets reached a new high.

The latest move is part of the regional broker-dealer’s western expansion, including teams in Colorado, Arizona and Oregon.