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Raymond James, Wells Fargo Advisors, Janney All Lose FAs to This Aggressive Rival

By Alex Padalka June 21, 2019

Stifel Financial’s aggressive pursuit of financial advisors from rivals continues unabated, with the recent addition of several advisors collectively overseeing $838 million at Raymond James and Wells Fargo, among others, Stifel says.

Erik Melville has joined the Fort Pierce, Fla., office of Stifel, Nicolaus & Co., Stifel Financial’s broker-dealer subsidiary, according to a press release from the company.

He previously managed $154 million at Raymond James, Stifel says.

And in Geneva, Ill., Stifel has added Christopher Patterson, who previously oversaw $100 million at Wells Fargo Advisors, according to the press release.

In addition, Eric Jacobs and Mark Siver have joined Stifel in Garden City, N.Y., from Janney Montgomery Scott, where they previously managed $119 million, Stifel says.

But the firm’s largest recent hire was Jason Yaeger, who joins Stifel’s office in Medford, Ore., from Umpqua Investments, according to the press release. Yaeger previously oversaw $350 million at Umpqua, Stifel says.

Stifel has been particularly aggressive poaching advisors in recent weeks. Earlier this month, it picked up several teams from Wells Fargo Advisors who collectively managed over $1.3 billion.

Also in June, Stifel picked up two Merrill Lynch advisors who collectively managed $590 million.

In May, Stifel nabbed several more Merrill Lynch advisors collectively managing $664 million as well as several Wells Fargo representatives collectively overseeing $470 million.