Two former UBS advisors that managed $200 million in assets are moving over to Stifel Nicolaus.

Todd Frediani and Larry Stater are leaving UBS to join Stifel’s Santa Rosa, Calif.-based office, according to a statement released by the firm. The move comes only a week after Stifel recruited a former-Morgan Stanley advisor who managed more than $250 million in client assets.

Stater has more than 40 years of industry experience, and Frediani 18, according to FINRA. The long-time financial advisors partnered to form Redwood Wealth Management in 2010 during their tenure at UBS.

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