Wirehouse advisors

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

The firm also reported that its advisor ranks were up 2% year-over-year, boosted by its training program.

They were previously part of a team that oversaw $2 billion in assets.

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

The firm has appointed company veteran Doug Brigman to run the Tampa Bay complex.

Wells Fargo, Merrill Lynch, UBS and Morgan Stanley all lost talent in 2017.

The group, which oversaw approximately $300 million in client assets, joined the firm's independent broker-dealer.

The bank, which has about 1,000 financial advisors and relationship managers in the U.S, will drop the agreement on January 8.

The firm has been driving its expansion, pulling in talent from its competition.

Concerned about the wirehouse's "trajectory," Glen D. Smith sought out a business model his kids could join one day.

The pair was drawn to the firm’s “similarly aligned” culture.

“My clients are hard-working young professionals on Wall Street. I don’t have a lot of good news for them,” said Douglas Boneparth, an advisor in New York who counsels people throughout the industry.

The Landmark Group ditched the large firm for Fieldpoint Private, a boutique firm with 28 advisors.

The widow argued that her advisor failed to confer with her about the investment strategy he and her late husband developed prior to her husband's sudden death.

Advisors are jumping to firms with established infrastructure.

The seven new hires joined both the independent and employee channels.