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March 05, 2020 at 10:19 AM
Ameriprise Financial Headquarters in Minneapolis.
Stifel Financial recently recruited advisors from Merrill Lynch with a total of $585 million in assets.
Jeff Wells — a 36-year industry veteran — joined its office in in San Rafael, California, where he has worked with $340 million.
“It is always exciting to have a seasoned successful advisor like Jeff and his team join our firm,” said John Lee, Western Region Director for Stifel, in a statement. “He had many choices, yet saw the value of our platform and culture and how it can enhance his business.”
Kevin Maxim moved to Stifel from Merrill, where he was responsible for $245 million, in O’Fallon, Illinois. He also will work with clients from the firm’s Frontenac, Missouri, office.
Maxim has been in the business for 19 years. He spent the past 18 with Merrill Lynch.
Ameriprise Adds 2 Teams
Two teams with $272 million in combined assets joined Ameriprise Financial’s franchise channel from Wells Fargo Advisors and Stifel.
In Bakersfield, California, Rick Yanez and Lance Mackall — who each have been advisors for 11 years — joined from Wells Fargo Advisors.
Their group, Foundation Wealth Management, manages $189 million. It includes advisors Cathie Joughin and John Rodgers, CFP, who each have 35-plus years of experience, as well as office manager Monica Lopez and client service manager Crystal Gilman.
“We want to be with a firm that is committed to helping its advisors grow,” said Rick Yanez. “We evaluated numerous firms and were impressed by how Ameriprise advisors have demonstrated strong growth year over year.”
Separately, John McLaughlin moved to Ameriprise from Stifel in Olean, New York. McLaughlin, who manages $83 million in assets, has spent 34 years in the industry. He is joined by paraplanner Lisa Zlockie.
LPL Hires
LPL Financial recruited Global Advisor Group from Raymond James’ independent channel in Reston, Virginia. Global Advisor Group, which works with $610 million, will align with the RIA Private Advisor Group.
