Stifel Financial has recruited five advisors from Wells Fargo with a total of nearly $620 million in client assets. Four of the recruited reps have been in the business for more than 25 years.
The news comes about a week after Stifel released its third-quarter results, which included its latest tally of employee and independent advisors: 2,193, up from 2,143 a year earlier. These advisors work with a total of about $312 billion in client assets.
“Advisors from Wells Fargo are flocking to Stifel because we represent today what they once had at A.G. Edwards — a firm where you work hard, get paid fairly, and have some fun,” said John Pierce, head of recruitment, in a statement.