Stifel Nicolaus said it has added three advisers from Merrill Lynch.
John Carpenter and Faisal Raza, who managed $128 million at Merrill Lynch, have joined Stifel Nicolaus in its Dallas office.
Also joining Stifel from Merrill Lynch, where he managed $115 million, is Jake Allen, who has moved to the firm’s Frontenac, Missouri, office.
See the latest Advisers on the Move here.
Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.
The $36 million buy allegedly hid inflated books and a $50 million diversion.
“An award citing emotional distress is very unusual,” an industry executive said.
New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.
Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
