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Stifel Adds 6 Reps From Rivals: Recruiting Roundup

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Stifel Financial has recruited six financial advisors from Merrill Lynch, Wells Fargo and other firms with a total of $323 million in client assets.

Moving to Stifel from Charles Schwab in Bellevue, Washington, is Mike Thompson, who works with $100 million in assets. Robert Henry has joined the firm’s Ann Arbor, Michigan, office from Wells Fargo Advisors, where he was responsible for $63 million in assets.

Eric Zeltner left Merrill Lynch in New Jersey to become part of Stifel’s Florham Park office from Merrill Lynch; he has worked on $55 million in assets.

Also making the jump to Stifel are Kevin Lyall and David Havens. They come to Stifel in Winston-Salem, North Carolina, from Hilliard Lyons, where they were managed $76 million and $29 million, respectively.

“Whenever there is an acquisition in the market, advisors tend to kick tires,” according to John Pierce, head of recruitment. “What they find at Stifel is a comprehensive platform of solutions for their clients, limited bureaucracy, and a firm that feels like home.”

In addition, Jim McMahon is now working in the firm’s Bozeman, Montana, office as an entry-level financial advisor.  Earlier, he was a regional recruiting manager with Ameriprise Financial.

LPL News

LPL Financial says Carrie Mullins, Sara Tanner, Susan Perry, Sierra Swidrak, Davis Siliga and Kalin Rooney of Firenze Wealth Management have joined it via an alignment with Good Life Companies , an enterprise firm. These advisors have worked with about $390 million of combined client brokerage, advisory and retirement plan assets and formerly were part of Foresters Financial.

The firm was founded by Tanner and Mullins, who have a collective 50 years of experience in the business. “LPL’s culture fits with our values, and we believe they are the best choice to help us provide our clients with objective advice in the independent model,” said Tanner, in a statement.

Firenze Wealth is based in the Portland, Oregon, metro area. Its six advisors, five of whom are women, work mainly with clients in public service, including teachers, police officers and firefighters.

LPL also announced recently that Seacoast Financial Network joined its hybrid platform from O.N. Equity Sales, where it managed about $120 million in assets.

Based in North Hampton, N.H., the firm includes Julie Welch and Dan Goland, a retired U.S. Army Major who began his financial-services career in 2000.

“We welcome Seacoast Financial Network to LPL and are proud to be able to support them and their independent practice,” according to Rich Steinmeier, LPL Financial managing director and divisional president, Business Development.”

Separately, LPL nominated Corey Thomas to its board of directors. Thomas is the CEO of Rapid7, a public technology company based in Boston. He also has worked for Microsoft and Deloitte Consulting.

“I’m excited to welcome Corey as a director,” said James Putnam, chair, in a statement. “He brings a broad array of leadership experience and an entrepreneurial mindset, with a strong focus on technology and the role it plays in today’s marketplace.”

Other Developments

Captrust Financial Advisors has added three partners from Atlanta-based FiduciaryVest to its institutional retirement plan advisory practice. The FiduciaryVest team, led by Philly Jones, works with $13 billion in client assets under advisement.

The practice serves more than 50 plans, with a focus on mid- to large-market retirement plan sponsors with between $100 million and $2 billion of plan assets.

“Our ability to grow depends on adding great advisors to the team, so we are constantly on the lookout for like-minded individuals who share our firm’s values and goals for growth,” according to Captrust CEO J. Fielding Miller.

With the addition of Jones, Sadler, and Melcher, Captrust now has 177 advisors in 40 locations and works with more than $300 billion in client assets.

In addition, Waller & Wax Advisors says it has recruited Brian Carr, CFP, who has 15 years in the business. Earlier, he was affiliated with Raymond James Financial Services.

Waller & Wax Advisors opened its doors in the Tampa, Florida, area more than 35 years ago.

Also, Calamos Wealth Management, has hired Nancy E. Anderson, J.D., as senior vice president and head of Wealth Strategy and Trust Services. She joins from BNY Mellon, where she served as regional vice president and senior wealth director, and will lead the fiduciary and trust growth of Calamos Private Trust in Naperville, Illinois.

“Nancy Anderson is among the most experienced and credentialed wealth strategists in the country,” according to Jim Baka, president of Calamos Wealth Management. “Her technical expertise, hands-on approach and breadth of experience make her an ideal fit for leading wealth strategy in our collaborative, team-of-experts model.”

Most recently, Anderson was a senior wealth director at BNY Mellon Wealth Management in Chicago. She also has worked for Merrill Lynch Trust Company, Citigroup Global Wealth Management and US Bank Private Client Reserve.

Separately, Cerity Partners has acquired Blue Prairie Group and formed a $21 billion advisory firm. Wise Rhino Group, an M&A advisor for retirement-plan consulting firms, advised Cerity Partners in the transaction.

“We knew immediately after getting to know Kurt and the Cerity Partners team that Blue Prairie Group would be a perfect match in every way,” according to Dick Darian, CEO and partner of Wise Rhino.

Cerity Partners is an RIA with in-house attorneys, tax advisors, financial planners and investment professionals. Blue Prairie is an independent, fee-based RIA focused on ERISA retirement, wealth management, and foundations and endowments.


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