Stifel Adds Three Advisory Offices Representing $670 Million of Client Assets

Stifel Financial Corp. 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.

The teams, based in Utah, Florida, and New Jersey, bring total assets under management to more than $6.5 billion.

Alex David, president and chief executive officer 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.”

Stifel Independent Advisors added the below 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, managing partner and senior financial advisor; Brian Collard, partner and financial advisor; and Amanda Arcilesi Simmons, partner and financial advisor.

BT Legacy Wealth Management in St. Petersburg, Florida, with a team led by Jamie Tomlin, 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.

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, 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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