Four brokers who were managing some $800 million of client assets open office in Detroit suburbs.
Stifel finds a new producing branch manager for its fledgling Atlanta branch while HighTower picks up a duo in a leafy New York suburb.
Access to muni bond traders and analysts at Parsippany complex was big lure for veteran team.
The muni bond specialist with 40 advisors doubles Stifel’s Indiana offices and adds about $4 billion of assets under management.
Ada, Michigan-based group led by Kevin Cusack oversees $600 million of retail client assets, advises on more than $4 billion of retirement plan funds.
Stifel put a big-city sheen on its recruiting credentials this week by hiring three New York City advisors from Morgan Stanley.
Responding to Stifel’s 75% drop in profit for the fourth quarter amid rising expenses tied to the Barclays deal, one reader predicted it will be difficult for the firm to recoup what it paid.