Advisers on the Move

Five advisers managing $480 million leave Wells Fargo for Stifel

Newcomers added in California, Washington and Kansas

May 21, 2019 @ 3:44 pm

By InvestmentNews

Three advisers managing $321 million at Wells Fargo Advisors in Redding, Calif., have joined Stifel Nicolaus. The advisers — Brad Jackson, Steve Medak and Josh Wiley — managed $149 million, $87 million and $85 million, respectively.

Stifel said that two other Wells Fargo advisers have joined the firm: Eric Allen, who managed $110 million in Spokane, Wash., and Bruce Ticknor, in Los Angeles, who was responsible for $49 million in assets.

(More:See more adviser moves in InvestmentNews' Adviser on the Move database.)

Mr. Jackson joined AG Edwards, a predecessor of Wells Fargo Advisors, in 1993. Mr. Medak joined AG Edwards in 2004 after eight years with Schwab. Mr. Wiley joined AG Edwards in 2002.

Mr. Allen was with Wells Fargo for nine years and with D.A. Davidson for 10 years before that. He began his career in 1987. Mr. Ticknor had been with Wells Fargo for 15 years. He began his securities career at ML Stern in 1983.

In addition, Clint Anderson, who managed $93 million at Merrill Lynch in Overland Park, Kan., also joined Stifel, the company said in a release.


What do you think?

View comments

Most watched


Young professionals see lots of opportunity to reinvent the advice experience

Members of the 2019 InvestmentNews class of 40 Under 40 have strategies to overcome the challenges of being young in a mature industry.


Young advisers envision a radically different business in five years

Fintech and sustainable investing are two factors being watched closely by some of the 2019 class of InvestmentNews' 40 Under 40.

Latest news & opinion

Target-date fund design may be wrong for retirees

Researchers suggest the funds don't adequately hedge against sequence-of-returns risk in retirement.

InvestmentNews' 2019 class of 40 Under 40

Our 40 Under 40 project, now in its sixth year, highlights young talent in the financial advice industry. These individuals illustrate the tremendous potential of those coming up in the profession. These stories will surprise, entertain, educate and inspire.

New Jersey fiduciary rule: Pressure leads to public hearing, comment deadline extension

Industry push results in chance to air grievances on July 17 and another month to present objections.

Galvin to propose fiduciary rule for Massachusetts brokers

The secretary of the commonwealth is proposing a fiduciary standard in response to an SEC investment-advice rule he views as too weak.

Summer reading recommendations from financial advisers

Here are some books that will keep you informed and entertained during summer's downtime


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