Advisers on the Move

Raymond James, Stifel pick up wirehouse advisers

KMS snags National Planning Corp. team, while Kestra adds retirement specialist team from Cadaret Grant

Dec 11, 2017 @ 4:00 pm

By InvestmentNews

Morgan Stanley loses $145 million rep to Raymond James in Chicago

Mr. Dow began his financial services career with Smith Barney in 1997 and remained with its successor firms until joining Raymond James. He joined with his associate, Laura Sanchez.

Mr. Dow is a certified financial planner and certified investment management analyst.

Wells Fargo loses $250 million team to StifelStifel Financial has recruited a three-broker team managing $250 million from Wells Fargo Advisors.

The three brokers — Keith Holzwarth, Angelo Panoff and Michael Hall — will operate a new Stifel office in Flint, Mich.

Mr. Holzwarth will serve as branch manager of the new office, and Mr. Panoff will serve as assistant branch manager.

KMS pick up $330 million team from National Planning Corp.Hansen Wealth Management, a hybrid wealth management firm managing $330 million in San Jose, Calif., has switched affiliations from National Planning Corp. to KMS Financial Services, a subsidiary of Ladenburg Thalmann Financial Services.

National Planning Corp. is part of National Planning Holdings, which was acquired in August by LPL Financial.

MidAtlantic goes to Kestra from Cadaret GrantMidAtlantic Retirement Planning Specialists, a 401(k) plan specialist based in Wilmington, Del., has moved to Kestra Financial from Cadaret Grant.

MidAtlantic has satellite offices in Syracuse, N.Y., Red Bank, N.J., Cranbury N.J., Bel Air, Md., and Reading, Penn.


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