Five advisers managing $480 million leave Wells Fargo for Stifel

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.