Stifel Independent Recruits Trio of Advisors with $673M in Assets

Stifel Financial Corp.’s independent contract broker-dealer channel, Stifel Independent Advisors, recruited three firms in the second quarter with $673 million in assets under management: $352 million Salt Lake City, UT-based ARC Wealth Management; $189 million St. Petersburg, FL-headquartered BT Legacy Wealth Management; and $132 million Colts Neck, NJ Client First Financial.

Each of the three financial advisory firms will be a flagship office for the recently revamped Stifel Independent Advisors. The teams bring total assets under management to more than $6.5 billion.

“This is an exciting time for the industry, and for elite independent wealth management teams looking to partner with an independent broker-dealer that offers the resources of a globally recognized investment bank,” said Alex David, President and CEO of Stifel Independent Advisors.

ARC Wealth Management has three financial advisors, including managing partner and senior financial advisor Richard Romano, partner and financial advisor Brian Collard and partner and financial advisor Amanda Arcilesi Simmons.

BT Legacy Wealth Management is led by its owner and managing director Jamie Tomlin. It offers investment planning strategies and personalized wealth management.

Client First Financial has two financial advisors: managing director of investments, John Lupi, and Regina Singer.