A team of seven advisors who managed around $650 million in client assets at LPL Financial has made a move to Stifel Independent Advisors.
Led by 36-year industry veteran Mark Stofan, the Stofan Agazzi Investments team has joined the Stifel Financial Corp. contractor broker-dealer subsidiary in Joliet, Illinois. Along with Stofan are financial advisors George Stofan, Carroll Klotz, Irene Celander, Jessica Martin, Daniel Murphy, and Ron Lambert.
Stofan says that after launching in 1978 as a stand-alone firm before becoming independent advisors, the team is excited to begin the next chapter of Stofan Agazzi Investments with Stifel.
“After performing extensive due diligence, it became clear that Stifel Independent Advisors offers the best platform for us to continue our growth trajectory while delivering the best possible service to our clients,” he said. “Stifel Independent Advisors has the deep resources, long-term perspective, and experience of a firm that has been around for more than 130 years, with a level of attention and support that we did not find at any other firm. We’re confident that this will be a great move for both us and our clients, who stand to benefit from our new affiliation and the broad range of products and services available.”
Stifel Financial Corp. is headquartered in St. Louis and operates its banking, securities, and financial services business through several subsidiaries including international firms in Canada, the UK and Europe.
Last year, Dr. Benjamin Akande, the firm’s senior vice president of global human resource enterprise, head of diversity and inclusion, and lead director of environment, sustainability, and governance, joined the InvestmentNews Diversity, Equity, and Inclusion Board.
A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.
The hundreds of millions of dollars from a sale of Inspired Healthcare properties does not mean an immediate windfall for investors.
Its SEC filings said one thing - a congressional probe said another.
Sham agreements allegedly padded revenue by 345%.
"Most pre-retirees are uncomfortable making key retirement income decisions without an advisor's help," said Chris Bailey of Cerulli.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
