Stifel Unbiased Advisors, a dually registered platform for impartial advisors created by Stifel Monetary, added two new groups and 11 advisors within the first months of the yr.
In Joliet, Unwell., a distant suburb of Chicago, Stofan Agazzi Investments is led by President Mark Stofan and consists of advisors George Stofan, Carroll Klotz, Irene Celander, Jessica Martin, Daniel Murphy and Ron Lambert. Beforehand answerable for $650 million in shopper belongings at LPL Monetary, the workforce joined Stifel final month.
Stofan Agazzi presents funding administration and complete monetary planning together with insurance coverage, banking and belief, funding banking, enterprise succession and company government companies.
Citing “deep sources, long-term perspective and expertise,” in addition to the “degree of assist and a spotlight” accessible at Stifel, Mark Stofan mentioned in a press release that it provided one of the best platform from which the workforce can proceed to develop.
Columbia Crest Monetary Advisors, a four-advisor workforce overseeing $335 million whereas affiliated with Wells Fargo Advisors Monetary Community, joined the Stifel platform this month.
Richard Reith and Laura Nelson lead the workforce, which incorporates Silas Newkirk, Trina Whitton and 4 assist employees from headquarters in Chehalis, Wash., about halfway between Portland and Seattle. Whitton and one employees member work from a satellite tv for pc workplace in Roseberg, Ore.
Collectively, they supply funding recommendation and insurance coverage together with planning round retirement, taxes and estates.
Calling Stifel IA “the proper match,” Reith and Nelson mentioned in a joint assertion the agency’s “strategy to shopper service and their concentrate on collaboration creates a high-level expertise for everybody.”
In different Stifel IA information this week, President and CEO Alex David is leaving the agency to supervise the Northeast division of Raymond James’ impartial advisor channel.
Based mostly in St. Louis, Stifel Unbiased Advisors reported overseeing greater than $6.5 billion in brokerage and advisory belongings in October, rather less than half of which is managed, for five,325 particular person and nearly 100 institutional purchasers. It represents a small fraction of the $390 billion overseen throughout Stifel Monetary’s world wealth administration companies, which accounted for roughly 65% of Stifel’s complete income in 2022.
