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Stifel hires former UBS, Merrill teams to staff two new offices

By Andrew Welsch, OnWallStreet - 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.

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.”

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