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.


What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video


When can advisers expect an SEC fiduciary rule proposal and other regs this year?

Managing editor Christina Nelson and senior reporter Mark Schoeff Jr. discuss regulations of consequence to financial advisers in 2018, and their likely timing.

Recommended Video

Path to growth

Latest news & opinion

Bond investors have more to worry about than a government shutdown

Inflation worries, international rates pushing Treasuries yields higher.

State measures to prevent elder financial abuse gaining steam

A growing number of states are looking to pass rules preventing exploitation of seniors.

Morgan Stanley's wealth management fees climb to all-time high

Improvement reflect firm's shift of more clients into fee-based accounts priced on asset levels, which boosts results as markets rise.

Legislation would make it harder for investors to sue mutual funds over high fees

A plaintiff would have to state in their initial complaint why fiduciary duty was breached, and then prove the violation with 'clear and convincing evidence.'

Supreme Court review of SEC judges could roil pending cases

But long-term, the agency may get around questions of constitutionality by changing the way it brings on administrative law judges.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print