Daniel Raupp and the team of Gary Phelps and Alfredo Serrano have joined Stifel, Nicolaus & Co., Stifel Financial’s broker-dealer subsidiary, in its new private client group office in Barrington, Ill., according to a press release from the company.
The three advisors collectively managed $310 million at Morgan Stanley, Stifel says. The new office is Stifel’s 16th in the state, according to the press release.
Meanwhile, Zachary Harveth has joined Stifel’s Lake Forest, Ill., office, the company says. He previously managed $47 million at Morgan Stanley, according to the press release.
Additionally, the father-son team of Christopher M. Moran and Christopher E. Moran have joined Stifel’s private client group office in Boston, Stifel says. The pair previously oversaw $323 million at Merrill Lynch, according to the press release.
Stifel has been particularly aggressive about poaching advisors from wirehouses in recent months. The firm added another team of Merrill Lynch advisors earlier in November and two more Merrill Lynch brokers in October. Morgan Stanley lost more advisors to Stifel in August.
Stifel also added five advisors from Wells Fargo earlier in November and at least three Wells Fargo advisors in September. In October, Stifel also picked up a pair of advisors from UBS and Jefferies but lost a team to RBC Wealth Management.
Meanwhile in Novi, Mich., Jon Russell, who’s been in the industry since 2003, and Ryan Winkler, who began his industry career 12 years ago, have joined Raymond James & Associates, the firm’s advisor broker-dealer, as Russell Winkler Private Wealth Management of Raymond James, according to a press release from the company.
The team, which also includes investment portfolio analyst Michael Hudzik and senior client service associate Rebecca Downing, previously oversaw $214 million at Merrill Lynch, Raymond James says.
Merrill Lynch has lost several advisors to Raymond James in recent weeks. Just this month, a team previously overseeing $240 million at the wirehouse joined RJA in North Carolina, while Raymond James Financial Services, the firm’s independent broker-dealer, picked up several Merrill Lynch financial advisors in Kentucky overseeing around $241 million, and Steward Partners Global Advisory, the employee-owned independent partnership associated with RJFS, nabbed a pair of brokers managing $160 million.
Morgan Stanley, meanwhile, lost several advisors to Raymond James in October who oversaw at least $453 million.