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Former LPL Team with $650 Million in Client Assets Joins Stifel

Former LPL Team with $650 Million in Client Assets Joins Stifel. Alternative investments, Stifel Financial Corp., Stifel Independent Advisors, LPL Financial, broker-dealer, financial services, registered independent adviser, RIA

Stofan Agazzi Investments joined Stifel Financial Corp.’s independent contractor broker-dealer subsidiary, Stifel Independent Advisors, LLC.

Based in Joliet, Ill., Stofan Agazzi is led by 36-year investment industry veteran Mark Stofan, CFP, president. He is joined by financial advisers George Stofan, Carroll Klotz, Irene Celander, Jessica Martin, Daniel Murphy, and Ron Lambert. The team was previously affiliated with LPL Financial, where they were responsible for $650 million in client assets.

“Having served investors in the Joliet area since 1978, first as a standalone firm and then as independent advisers, we’re excited to begin the next chapter of Stofan Agazzi Investments,” said Stofan.

“After performing extensive due diligence, it became clear that Stifel Independent Advisors offers the best platform for us to continue our growth trajectory while delivering the best possible service to our clients. Stifel Independent Advisors has the deep resources, long-term perspective, and experience of a firm that has been around for more than 130 years, with a level of attention and support that we did not find at any other firm. We’re confident that this will be a great move for both us and our clients, who stand to benefit from our new affiliation and the broad range of products and services available,” added Stofan.

The addition of Stofan Agazzi marks the continued growth and expansion of Stifel’s broker-dealer subsidiary. In August 2023, Stifel Independent Advisors added three advisory offices with a combined total of $673 million in assets under management: ARC Wealth Management from Salt Lake City, Utah; BT Legacy Wealth Management in St. Petersburg, Fla.; and Client First Financial in Colts Neck, N.J.

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Miss., that conducts its banking, securities, and financial services business through several subsidiaries. The firm’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, including its Eaton Partners business division; Keefe, Bruyette & Woods; Miller Buckfire & Co., and Stifel Independent Advisors.

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