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December 20, 2018 at 09:56 AM
Stifel Financial says it has recruited advisors from three wirehouses with over $400 million in assets.
Joseph Crespi joined the firm’s Plymouth, Massachusetts, office from Merrill Lynch, where he was managed $206 million.
Mark Enriquez left Morgan Stanley to work in Stifel’s Center Valley, Pennsylvania, office. He previously managed $140 million. (He follows the father-son team of John A. and John P. Banks, who joined the Center Valley office from Wells Fargo Advisors in September.)
Moving from UBS, Bill Darby is now in Stifel’s Atlanta office. He has managed $78 million in client assets.
Also coming to Stifel is the father-son team of Jack and Robert Mayer. They are now part of the firm’s Memphis office after leaving Hilliard Lyons, where they were responsible for $154 million in client assets.(They join John “Barry” Jenkins, who joined the Memphis office from Wells Fargo Advisors in September.)
“Entrepreneurial financial advisors are responding to our open architecture, transparent compensation plans and lack of bureaucracy, making Stifel the firm of choice to serve their clients,” according to John Pierce, Stifel’s head of recruitment.
“Our common-sense approach has led to a record number of visits to kick our tires and has translated into high-quality advisors like Jack, Bob, Mark and Bill joining Stifel across the country,” he added.
Raymond James’ Hires
Also adding wirehouse reps recently is Raymond James, which says a Morgan Stanley team with $170 million has joined its employee channel in West Palm Beach, Florida: Patricia Sans and Seraphim “Sam” Rine, now known as The Intracoastal Group of Raymond James
“The home office visit was a turning point in our decision to join Raymond James,” according to Sans. “Going to the office, meeting some of the executives and having them ask us questions about our business really solidified the culture. I could see that my clients would be just as important to the firm as they are to me.”
Sans has been in financial planning since 1983. She started at E.F. Hutton and later worked at Merrill Lynch. Rine began his career with Citigroup in 2001.
“It’s a pleasure to welcome Patti and Sam to the firm,” said Bert White, manager of the South Florida complex for RJA, in a statement. “We believe they are an exceptional team, and with their commitment to putting clients first, they make great additions to Raymond James.”
In addition, Raymond James recently welcomed Jonathan Palmer, CFP, and Alexander Moore, CRPC, to its employee channel in Seattle.
The advisor duo does business as the Palmer & Moore Financial Group of Raymond James and joins the firm from Wells Fargo Advisors, where they previously managed about $145 million in client assets.
“When we met with the firm’s senior leadership, we were impressed by the culture Raymond James has built, particularly in the Seattle area,” said Palmer, in a statement. “The advanced technology offerings and expanded solutions for high net worth clients were also a great fit for our practice.”
Palmer has been in the financial-services industry since 2002 and spent the past seven years at Wells Fargo. Moore, began his career as an advisor at Wells Fargo in 2011.
In addition, Raymond James recruited John “Quint” Andrews, CRPS, CFP, to its employee channel in Atlanta from Merrill Lynch, where he managed over $110 million.
“The culture at Raymond James was an important factor in my decision,” said Andrews, in a statement. “As a young advisor, the level of support they provide was impressive to me, and I knew I wanted a firm that would care about my clients as much as I do.”
