Stifel Financial continues to add Merrill Lynch advisors to its Texas offices. The firm said it recently added one advisor near Houston and two in McAllen with a total of $332 million in client assets.
Lamar Morris — who spent the past 22 years with Merrill — is now in Stifel’s Sugar Land Private Client Group office, where he’ll work with about $149 million in client assets.
Stifel opened the branch in May 2019 when Bart Reese and Zach Williams, a $571 million team, moved to the broker-dealer from Merrill.
“I have known and worked with Lamar for nearly two decades and … am confident [he] will successfully transition the majority of his clients here just as we did,” according to Reese, the location’s branch manager.
“The growth of Stifel throughout Texas has been robust, and we are excited to contribute to that growth here in Sugar Land,” Reese added.
Meanwhile in South Texas (also known as the Rio Grande Valley), Stifel recruited former Merrill advisors Cole Abbott and Adrienne Stewart. The two, who manage about $183 million, are part of Stifel’s 16th location in the Lone Star State.
Abbott spent 20 years at Merrill, while Stewart spent seven. The duo made the move with Diana Rodriguez, a client service associate.
In addition, Gary Dennis moved to Stifel’s branch in Flint, Michigan, from Ameriprise Financial, where he was responsible for $41 million in client assets. He has roughly 25 years of industry experience and spent the past 14 with Ameriprise Financial and Ameriprise Advisor Services, after working for Morgan Stanley for nearly a decade, according to FINRA BrokerCheck.
Woodbury Affiliate Adds Father-Daughter Team
Woodbury Financial Services, part of the Advisor Group network of broker-dealers, says its affiliate GCG Wealth Management recruited Brinkley Financial Group — based in Charlotte, North Carolina, and working with $115 million in client assets. Brinkley Financial used to work with Cambridge Investment Research, according to BrokerCheck records.
GCG has some 31 advisors and $1.3 billion in total client assets, up from $900 million about a year ago and $500 million three years ago.