Stifel Financial says it has added three advisors with a total of $300 million in client assets, one of whom joins from Wells Fargo. Meanwhile, RBC Wealth Management says it has welcomed a $210 million team from Merrill Lynch.

“We continue to have advisors joining us from bank-owned entities, and momentum is building from our nontraditional competitors,” according to John Pierce, Stifel’s head of recruitment.

Jay Mastilak is now part of its Pittsburgh office after leaving Wells Fargo, where she was responsible for $180 million in client assets. The certified financial planner has 36 years in the business and started her career at Merrill Lynch.

“We are very excited to welcome Jay to the Stifel family,” Pierce said. “Stifel’s Women’s Initiative Network (WIN) is proving to be a critical support mechanism for women advisors considering Stifel.”

Robert Rix is with Stifel’s Grand Rapids, Michigan, office. He previously worked for Oppenheimer & Co. and managed $63 million in client assets. The advisor has 20 years of experience and cut his teeth at Prudential Securities. 

Sean Westbrook is now part of Stifel’s Pueblo, Colorado, office, after leaving FSC Securities, where he managed $55 million. He has been an advisor for 12 years and began his career at RBC. 

Merrill Team Moves to RBC

The team moving to RBC in Atlanta from Merrill Lynch includes Christopher “Satch” Sanders, with 36 years of experience, and Daniel Crews, with 10 years in the business; the team does business as the Sanders & Crews Wealth Management Group.

“Although we were aware of RBC’s global strength and high credit rating, we did not realize how strong they were in the wealth management space,” the duo said jointly in a statement. “We feel RBC is the best fit for us and for the corporate executives, retirees and entrepreneurs we serve.”