Wells Fargo brokers managing $671 million leave for Stifel

Wells Fargo brokers managing $671 million leave for Stifel
Reps join offices in California, Michigan and Pennsylvania.
JUN 14, 2019
Six advisers, collectively managing $671 million at Wells Fargo Advisors, have joined Stifel Nicolaus & Company in California, Michigan and Pennsylvania. Taylor Browman and Tyler Weaver, who were responsible for $240 million in assets, have joined Stifel in Newport Beach, Calif. Mr. Browman began his career in 1981 at Smith Barney and worked at several large firms before joining Wells Fargo in 2006. Mr. Weaver joined Wells Fargo in 2014. (More:See more adviser moves in InvestmentNews' Advisers on the Move database.) Dave Bry, who joined Stifel in Bay City, Mich., managed $170 million in assets at Wells Fargo, which he joined in 2011 after nine years at Allstate Financial. Steve Clark and Rick Stubbs, who managed $175 million at Wells Fargo, have joined Stifel in Okemos, Mich. Mr. Clark was with Wells Fargo and a predecessor firm for a total of 24 years combined. Mr. Stubbs was with Wells Fargo and a predecessor for 30 years, and earlier was with Merrill Lynch for six years. Stephen Sosangelis, who joined Stifel in Conshohocken, Penn., managed $86 million at Wells Fargo, which he joined in 2005. He had been with Morgan Stanley and Prudential Securities earlier.

Latest News

Americans back sharing AI wealth as debate over industry’s economic benefits grows
Americans back sharing AI wealth as debate over industry’s economic benefits grows

Public support grows for policies that spread AI’s financial gains beyond tech companies.

JPMorgan's record Q2 profit rides trading and dealmaking surge
JPMorgan's record Q2 profit rides trading and dealmaking surge

Investment banking fees rose 30% on a wave of IPOs and megadeals, led by the largest public listing on record.

Feathery raises $30 million to power AI-driven RIA operations
Feathery raises $30 million to power AI-driven RIA operations

Series A funding from Portage, Bain Capital, and other investors will fuel data tools designed to speed advisor transitions and cut onboarding delays across wealth firms.

Wealth Enhancement deepens East Coast presence with Wealthshield deal
Wealth Enhancement deepens East Coast presence with Wealthshield deal

The Minneapolis-based RIA aggregator is adding two North Carolina practices managing nearly $1 billion, pushing its total client assets past $158.2 billion.

The real reason I expanded my RIA to Hong Kong (it wasn't for the AUM)
The real reason I expanded my RIA to Hong Kong (it wasn't for the AUM)

As markets disintegrate, the value of on-the-ground, first-hand research through "intimate knowledge acquisition" is skyrocketing.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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