Welcome to Financial Advisor IQ

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.