Firm Establishes First Flagship Offices in
Utah, Florida, New
Jersey, as Stifel ranks No. 1 in latest J.D. Power
survey
ST.
LOUIS, Aug. 3, 2023 /PRNewswire/ -- Stifel
Financial Corp. (NYSE: SF) today announced that its independent
contractor broker-dealer subsidiary, Stifel Independent Advisors,
LLC, recruited three new offices with a combined total of
$673 million in assets under
management (AUM), in the second quarter of 2023. The teams, based
in Utah, Florida, and New
Jersey, bring total assets under management (AUM) to more
than $6.5 billion, with the newest
members of the independent channel highly experienced advisors
offering boutique wealth management services.
Alex David, President and CEO of
Stifel Independent Advisors, said, "This is an exciting time for
the industry, and for elite independent wealth management teams
looking to partner with an independent broker-dealer that offers
the resources of a globally recognized investment bank. As members
of a network of advisors located across the United States, our newest teams will soon
find they'll be setting themselves apart with exceptional support
that begins with comprehensive guidance. I'm delighted to welcome
these outstanding professionals as we remain firmly committed to
providing them with the support and resources for maximum
success."
Advisors maintaining independent practices in partnership with
Stifel Independent Advisors said the abundant resources of an
industry-leading firm, personalized support from the C-suite, and
access to top decision-makers were the reasons they chose to join
the firm. Their affiliation with Stifel Independent Advisors
comes at a time when financial advisors across Stifel ranked the
firm the No. 1 Wealth Management Firm for Employee Advisor
Satisfaction according to the J.D. Power 2023 U.S. Financial
Advisor Satisfaction Study. The study measured satisfaction on key
factors, including compensation, firm leadership and culture,
operational support, as well as products and marketing,
professional development and technology.
Stifel Independent Advisors welcomes the following practices to
its network, all flagship offices:
- ARC Wealth Management from Salt Lake
City, Utah, with $352 million
in AUM. Its three financial advisors include 27-year investment
industry veteran Richard Romano,
CRPS®, Managing Partner and Senior Financial Advisor;
Brian Collard, CFP®,
CRPS®, Partner and Financial Advisor; and Amanda Arcilesi Simmons, CFP®,
Partner and Financial Advisor.
- BT Legacy Wealth Management in St.
Petersburg, Florida, with a team led by Jamie Tomlin, CFP®, owner and
Managing Director. The practice is responsible for $189 million in AUM and offers personalized
wealth management and investment planning strategies.
- Client First Financial in Colts Neck,
New Jersey, a wealth management team that includes two
financial advisors: John Lupi,
Managing Director of Investments, and Regina Singer. The team oversees $132 million in client assets.
Mr. David concluded, "The teams joining Stifel Independent
Advisors are geographically diverse, but from coast to coast they
share the same focus on putting clients first, meeting and
exceeding clients' needs, and providing superior service that
strengthens the Stifel brand. I am deeply thankful to be in
partnership with these industry-leading practitioners and look
forward to elevating their mission with exceptional service that
helps grow their business."
* Stifel received the highest score among employee advisors
in the J.D. Power 2023 U.S. Financial Advisor Satisfaction Study of
employee advisors' satisfaction among those who are employed by an
investment services firm. Visit jdpower.com/awards for more
details.
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services
holding company headquartered in St.
Louis, Missouri, that conducts its banking, securities, and
financial services business through several wholly owned
subsidiaries. Stifel's broker-dealer clients are served in
the United States through Stifel,
Nicolaus & Company, Incorporated, including its Eaton Partners
business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel
Independent Advisors, LLC; and in the United Kingdom and Europe through Stifel Nicolaus Europe
Limited. The Company's broker-dealer affiliates provide
securities brokerage, investment banking, trading, investment
advisory, and related financial services to individual investors,
professional money managers, businesses, and municipalities.
Stifel Bank and Stifel Bank & Trust offer a full range of
consumer and commercial lending solutions. Stifel Trust
Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust
and related services. To learn more about Stifel, please visit the
Company's website at www.stifel.com.
For further information,
contact Brian Spellecy
(314)
342-2000
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SOURCE Stifel Independent Advisors