Stifel Nicolaus lured away a Wells Fargo team managing more than $225 million in client assets.
Advisors Timothy Metcalf and Robert Pinto joined Stifel in Newport Beach, Calf., where they now operate as Metcalf Wealth Management Group.
Metcalf started his career in 1983 at Dean Witter, according to FINRA records. He joined A.G. Edwards in 1990 and stayed through that firm's acquisition by Wachovia, and later its eventual acquisition by Wells Fargo.
Pinto began his advisory career at Merrill Lynch in 1985. He moved to A.G. Edwards 10 years later.
In a statement, Metcalf said he looked forward to working again with John Lee, Stifel's western region director, who he had worked with at A.G. Edwards.
Lee said that the team's addition to Stifel will help the firm expand its presence in the region. Stifel has plans to open a new office in Newport in April.
Last week, the St. Louis-based firm said that it had recruited an advisor managing $54 million in assets from RBC. Thomas Weil joined Stifel as vice president of investments in Fresno, Calif.