Edward Jones Recruiting Head Mauzy Leaves
Katherine Mauzy, who led broker and sales associate recruiting at UBS Financial Services and Edward Jones for 20 years, retired from Jones at the end of the summer, a spokesman for the St. Louis-based broker-dealer confirmed.
Before moving to St. Louis in 2010, Mauzy, a 1984 graduate of Southern Methodist University who majored in psychology, joined UBS in 1999 as head of “new financial advisor” recruiting and became head of field recruiting and retention at the firm in 2008, according to her LinkedIn profile.
She left Jones at the end of August and has been replaced as head of “financial advisor talent acquisition” by Matt Burkemper, a principal and former certified public accountant who joined Jones in 2008, the spokesman said.
Jones separately lost four individual advisers who had been with the firm for most of their careers on Friday.
In Flagstaff, Ariz., the wife-and-husband team of Stephanie and Josh Stackhouse affiliated with Raymond James’ independent channel, according to their BrokerCheck records, after running separate offices for Jones.
The Stackhouses were cumulatively managing about $140 million, said a Raymond James advisor familiar with their businesses. The couple did not respond to requests for comment, but the source said their principal motivation for the shift was their desire to work together.
Because of Jones’ policy of operating single-broker-led offices in most cities, they worked from separate locations and did not share their books.
Stephanie Stackhouse began her brokerage career in Flagstaff in March 2008 at Jones, and worked from 1403 South Plaza. Her husband entered the industry five years later, running a Jones office at 2405 N. Rose St, according to BrokerCheck and to their former Jones websites.
A Raymond James spokesperson did not respond to a request for comment.
Ameriprise confirmed that it hired two Jones brokers in Nevada on Friday who joined its employee channel offices in different cities.
Neil J. Berston, who had been with Jones for nine-and-a-half years of his 13-year career, was overseeing $130 million in client assets from an office in Gardnerville, Nev., the spokeswoman said. Berston produced about $1 million in fees and commissions over the past 12 months, according to a person familiar with his book of business.
Berston, who began his brokerage career with Wells Fargo Investments in Carson City, is working from Ameriprise’s Reno branch. He did not respond to a request for comment.
The other Jones emigrant was Michael L. Peterson, who the Ameriprise spokeswoman said was managing about $101 million of client assets in Henderson, Nev.
Peterson, who had spent his 13-year brokerage career with Jones, produced about $750,000 in the previous 12 months, said the source.
Peterson wanted to “move up market,” said Michael Swinehart, manager of Ameriprise’s Henderson branch. The broker did not respond to a request for comment.
St. Petersburg, Florida-based Raymond James last week said that its advisor force across its independent and employee channels grew by 107 to 8,011 brokers as of September 30.
Minneapolis, Minnesota-based Ameriprise ended its third quarter with 9,930 brokers across its independent and employee channels, down a net 21 from three months earlier and off by 3 from September 30, 2018.