March 15 Brokerage firm Stifel, Nicolaus & Co
said on Friday it hired a veteran adviser from Wells Fargo &
Co's U.S. brokerage division, bolstering the firm's
adviser presence in Florida.
John Peterson moved to Stifel's Melbourne office last week.
He has worked in the advising industry for more than 16 years,
exclusively at Wells Fargo Advisors and its predecessor firms,
where he managed more than $100 million in client assets.
Wells Fargo declined to comment on Peterson's departure.
Peterson joined Stifel's private client group as a senior
vice president of investments. He was joined by his client
service associate, Ellen Cunningham.
Peterson started his career at A.G. Edwards & Sons in 1996,
joining Wells in 2008 after Wells bought Wachovia, which one
year earlier had acquired A.G. Edwards. Many longtime A.G.
Edwards advisers, like Peterson, stayed with the firm through
Peterson is among the latest big recruits for Stifel, which
also said on Tuesday that it had hired a veteran adviser from
Morgan Stanley Wealth Management in Southern California.
Stifel, Nicolaus & Co is a subsidiary of St. Louis-based
financial services holding company Stifel Financial Corp.
During 2012, the firm hired 152 financial advisers in its wealth