Welcome to Financial Advisor IQ

Stifel Nabs FAs from Wells Fargo Advisors, RBC

By Alex Padalka July 13, 2017

Stifel Financial has picked up three reps from rivals Wells Fargo Advisors and RBC Capital Markets, according to a press release from Stifel.

William Koriath joins the Indianapolis office of the private client group of Stifel’s broker-dealer subsidiary, Stifel, Nicolaus & Company, from RBC Capital Markets, where he managed more than $60 million, Stifel says.

James Ferrie and John Bogosta, who oversaw more than $80 million at Wells Fargo Advisors, join the Roxbury, N.J., office of Stifel’s private client group, according to Stifel’s press release.

Another Wells Fargo Advisors rep has gone independent, meanwhile. Jim Denholm III, who’s been with the firm since 2005, has launched the RIA IronBridge Private Wealth in Austin, according to a press release from IronBridge. Denholm had started his financial services career with Morgan Stanley and then became a wealth advisor at JPMorganChase before joining Wells Fargo, according to the press release.

Denholm also brought along certified financial planner Gwen Henson from Wells Fargo, IronBridge says. The new RIA focuses on financial planning for high net worth investors, entrepreneurs and private equity and real estate investors, according to the press release.


Mercer Advisors is taking a different tack to adding assets to its platform. The Santa Barbara, Calif.-based RIA has acquired the Rochester, N.Y.-based RIA Wealth Design Services, according to a press release from Mercer. WDS, led by founder and president Steven Schwartz, manages $160 million and will help Mercer expand services in the Northeast, according to the press release.

This is Mercer’s seventh acquisition in 16 months, Mercer vice chairman David Barton says in the press release. Mercer apparently now manages $10.6 billion for 7,600 clients around the country.