By Kenneth Corbin
Stifel Financial has recruited three financial advisors from Merrill Lynch, where they managed nearly $3 billion in client assets, Stifel said this week.
The recruits include advisor Ryan Bell and a two-person team consisting of Melissa Transier and Chris Green, all of whom worked out of Merrill's Dallas office.
They join the Stifel, Nicolaus independent broker-dealer practice as managing directors.
Jeff Markham, Stifel's managing director of the Southwest region, says the "highly respected advisors deeply understand the needs of ultrahigh-net-worth clients."
"At Stifel, they can deliver the white-glove service their clients expect, along with an array of sophisticated investment product and service offerings that we believe is the best in our industry," he says.
A spokeswoman for Merrill Lynch declined to comment on the departures.
The additions continue Stifel's efforts to swell its advisor ranks. It remains an active recruiter of advisors from rival brokerages, and recently closed the acquisition of the employee-advisor channel of B. Riley Financial, adding 36 advisors who oversaw about $4 billion through the deal.
The Transier-Green team managed $1.5 billion in client assets at Merrill, and Bell handled $1.4 billion, Stifel says.
Laura Martin-Bernard and Stacey Jacobson, who support Transier and Green's practice, and Deborah Griffin, who works with Bell, have also joined Stifel.
All three of Stifel's new advisors have extensive experience in the industry. Transier and Green both registered as brokers 27 years ago and had extended stints at Citigroup and Merrill Lynch before joining Stifel, where they registered on Wednesday, according to the online database BrokerCheck. Both are dually registered as investment advisors.
Bell entered the industry 26 years ago, starting at Goldman Sachs before moving to Merrill Lynch in 2003. He is also registered as an investment advisor.
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(END) Dow Jones Newswires
April 17, 2025 17:13 ET (21:13 GMT)
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