Stifel hires former UBS, Merrill teams to staff two new offices
September 22, 2020
By Andrew Welsch
Stifel signed on two teams managing more than $450 million in combined assets to staff two new branch offices, according to the firm, furthering the regional broker-dealer’s aggressive hiring streak in recent months.
Across the country at Stifel’s other newly established office — in Audubon, New Jersey — the firm hired advisors Richard Bonnette, sons Eric and Breton, as well as Edward Ellis and Lawrence Brown. The team was previously with Merrill Lynch, where they oversaw $280 million in client assets.
The Bonnette Wealth Management Group “will be the anchor that will help Stifel grow a bigger presence in the area,” said Paul MacCrory, manager of Stifel’s Philadelphia market. “And I am excited for them to be a part of our future.”