Eight advisors left Wells Fargo behind to join broker-dealer subsidiary Stifel, Nicolaus & Co., Inc., according to parent company Stifel Financial Corp. Together, the eight had $1.44 billion in client assets.
In Wooster, Ohio, the team of Kyle Adams, Dick Niemiec and Lisa Reichert has joined the firm in a new private client group office, making it Stifel’s 23rd office in the state. At Wells Fargo, they were responsible for $500 million in client assets.
Another new office, this one in Bloomfield Hills, Michigan — Stifel’s 14th in the state — is now manned by Rick Hueter and Todd Winter, who were responsible for $408 million in client assets at Wells Fargo.
The firm’s Florham Park, New Jersey office has welcomed William Scott, who was responsible for $264 million in client assets at Wells Fargo.
In Syracuse, New York, James Gregg has followed Mark Demo and Raymond Patraw, who joined from Wells Fargo Advisors in June. Gregg was responsible for $161 million in client assets at Wells Fargo.
And the Scottsdale, Arizona office has welcomed Frank Nightingale, who was responsible for $111 million in client assets at Wells Fargo.
“It has become increasingly clear that financial advisors want to go back to their roots to a firm that has a laser focus on the advisor and their clients,” John Pierce, head of recruitment, said in a statement.
Pierce added, “These advisors are telling us they want the freedom to serve their clients as they deem most appropriate to their needs.”
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