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UBS, Wells Fargo, Raymond James Lose Reps to Stifel

September 12, 2018

Stifel Financial has poached several advisors from rivals including Wells Fargo, UBS and Raymond James, according to FA-IQ sister publication FundFire.

In New York, Stifel lured Josh Lord, who managed $62 million at Raymond James, according to the publication. In Oklahoma City, Stifel nabbed John Noerdlinger, who managed $135 million, and Tom Cotrone, who oversaw $105 million, both at Wells Fargo Advisors, FundFire writes. Two other unnamed advisors also joined Stifel’s Oklahoma City office, with the four collectively managing $420 million, according to the publication.

Wells Fargo also lost two advisors in Modesto, Calif., to Stifel, FundFire writes. Vickey Bayley and Jerod Havel collectively managed $72 million, according to the publication.

UBS, meanwhile, lost Virginia Kuwahara to Stifel in Rancho Bernardo, Calif., FundFire writes. She previously oversaw $110 million, according to the publication.

In addition, Stifel picked up Michael Iannarino in Columbus, Ohio, FundFire writes. He managed $80 million at an independent RIA, according to the publication.

Stifel has been on an aggressive recruiting spree in recent weeks. The firm recently poached Patrick Strehl, who oversaw $169 million at Merrill Lynch, and Craig Johnson, who managed $211 million at UBS.

And David Manning recently joined the Shrewbury, N.J., office of Stifel Nicolaus & Co., Stifel Financial Corp.’s broker-dealer subsidiary.

Last month, Stifel also nabbed two Wells Fargo Advisors representatives collectively managing $179 million for its Hackensack, N.J., office and six more Wells Fargo advisors who oversaw $170 million for its Pasadena, Calif., office.

By Alex Padalka
  • To read the FundFire article cited in this story, click here if you have a paid subscription.