A trio of former Raymond James advisors has moved to Stifel, Nicolaus, the traditional employee broker-dealer of Stifel Financial.
The three were previously with Raymond James. Before that they were with Morgan Keegan, which Raymond James acquired in 2013. They are now joined by longtime Stifel advisor Robert Chanin at a new Atlanta office where the four advisors manage a combined $490 million in assets. Chanin was previously based at Stifel's Macon, Ga. office.
The group's senior member, Richard McGalliard, is now branch manager for the office. McGalliard is a veteran of the industry, having started his career in 1969 according to FINRA records. McGalliard and his two team members, John McHale and Ryan Stewart, joined Morgan Keegan in 2009. McHale and Stewart have about two decades of industry experience each.
Stifel has recruited 65 advisors so far this year. Earlier this month, an advisor duo managing about $200 million in assets left UBS to join Stifel.
The St. Louis-based firm also consolidated its office space Atlanta, moving 26 employees in its public finance, equity research and sales groups to the new office staffed by the former Raymond James advisors.
By combining multiple functions at a single location, Stifel is establishing a solid base for continued growth, and we look forward to becoming the firm of choice for talented, entrepreneurial professionals in the region, Stifel President James Zemlyak said in a statement.