People Moves

Three Former Raymond James Advisors Switch To St Louis Broker-Dealer

Eliane Chavagnon Editor - Family Wealth Report June 20, 2014

Three Former Raymond James Advisors Switch To St Louis Broker-Dealer

Three former Raymond James (legacy Morgan Keegan) financial advisors have joined Stifel Financial’s broker-dealer subsidiary, Stifel, Nicolaus & Co, setting up a private client group office in Atlanta, GA.

Three former Raymond James (legacy Morgan Keegan) financial advisors have joined Stifel Financial’s broker-dealer subsidiary, Stifel, Nicolaus & Co, setting up a private client group office in Atlanta, GA.

Joining Stifel are Richard McGalliard, senior vice president of investments and branch manager; John McHale, senior vice president of investments; and Ryan Stewart, senior vice president of investments. Additionally, senior vice president of investments Robert Chanin, a 34-year investment industry veteran currently based in Stifel’s officein Macon, GA, will split his time between Atlanta and Macon, GA.

Combined, the four advisors are responsible for more than $490 million in client assets.

The new office will also consolidate the firm’s existing Atlanta-based equity research, institutional equity sales and public finance associates, as well as professionals from Stifel’s Keefe, Bruyette & Woods subsidiary. A total of 26 associates will be based at the new location.

Earlier this month Stifel announced that it is bolstering its global wealth management segment by agreeing to acquire Legg Mason Investment Counsel & Trust from the global asset manager Legg Mason (see more here).

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