Ryan Schack, who was with Merrill in Ohio and Florida for 19 years, will oversee three Sunshine State offices at Stifel.
LPL’s army of independents fell a net 65 during the quarter due to the loss of a large firm, while Stifel added a net three brokers and Oppenheimer continued to let loose low producers.
In letter to Hilliard Chief Executive James Allen, Stifel CEO Ron Kruszewski promoted his firm as a stronger nurturer of financial advisor talent, sources said.
Alleges that six-broker team in Illinois that joined Stifel two months ago lied about their possession of client-contact data—violating their employment contracts and their new firm’s “Non-Protocol Transition Guide.”
Father-son team in Memphis psychologically sealed their move before last week’s merger announcement, say they have no regrets after reviewing retention deal.
Broker who moved with two Scottsdale teammates in late September rejoined his former firm after five weeks.