Accelerating its recruiting efforts, Stifel recruited six wirehouse advisors who managed $573 million. The regional BD’s new hires — all from Wells Fargo except one — cap off a period of aggressive hiring that has brought on a slew of advisors. Stifel CEO Ronald Kruszewski recently said that new recruits from the firm’s first quarter represented $32 million in net new production. The St. Louis-based firm reported having 2,160 advisors for the first quarter, up a net 43 from the year-ago period.
Source: Wells Fargo and Merrill Lynch lose financial advisors to Stifel Financial | On Wall Street