Stifel Financial continues poaching financial advisors from wirehouses, most recently adding a registered representative from Merrill Lynch in Texas, Stifel says.

Steve Lipp has joined Stifel, Nicolaus & Co., Stifel Financial’s broker-dealer subsidiary, and will temporarily work out of its Dallas private client group office until the company opens its new office in Frisco, Texas, according to a press release from the company. Lipp previously managed $130 million at Merrill Lynch, Stifel says.

“Stifel has become the Firm of Choice for advisors looking to make a move in the Southwest. They are attracted to the autonomous culture, advanced advisory platform, and an environment that promotes clients’ best interests,” Bob Johnson, regional managing director for Stifel’s Southwest region, says in the press release. “Coming to work is fun again, which has manifested itself in the tremendous growth we’ve experienced as a company.”

Lipp joined the financial services industry in 1998, registering with Morgan Stanley, and came to Merrill Lynch in 2011, according to his BrokerCheck profile.

Stifel nabbed several more Merrill Lynch brokers in November, including a father-son team in Boston overseeing $323 million and three brokers in Connecticut managing $497 million. In October, Stifel lured a pair of Merrill Lynch advisors in New York who oversaw $250 million and two more brokers in Texas who managed $341 million.

Stifel has become a new home for breakaways from other wirehouses too. Morgan Stanley lost several advisors to Stifel in November who collectively managed $357 million. The same month, Wells Fargo lost at least five brokers to Stifel while UBS lost a pair of brokers to the company.