Stifel Financial has added three advisors with $240 million in combined assets, two of whom moved from Edward Jones and Wells Fargo Advisors. And a firm affiliated with LPL Financial recruited UBS Financial Services advisor with some $160 million.
Nick Bearden joined the firm’s Brevard, North Carolina, office from Edward Jones, where he was responsible for $75 million in client assets.
Steven Schwary is now part of Stifel’s Newport Beach, California, office after moving from Wells Fargo Advisors, where he worked with $40 million. He is the fifth advisor to join Stifel in Newport Beach this year.
Also, Kevin Bay, who earlier was an independent advisor with Kevin Bay Investments, is now with Stifel’s Brookfield, Wisconsin, office. His client assets total $128 million.
“Stifel’s easy-to-understand, best-in-class, and stable compensation plan allows our advisors to focus on their clients and not worry about how they get paid,” according to John Pierce, head of Recruitment. “That’s one of the reasons we have so many advisors joining us from so many different channels and firms.”
News from LPL
LPL announced that Cary L. Hall Jr., CEO of CLH Wealth Management, is now on its hybrid platform, after joining the affiliated independent firm Gladstone Wealth Group from UBS in Princeton, N.J.
“The independent model gives me more control over the wealth management strategies I use with my clients,” according to Hall, a former captain, having served 16 years in the United States Army.