A group managing $1.6 billion in property at Stifel, Nicolaus & Co. jumped ship to hitch RBC Wealth Administration in Dallas, in accordance with an announcement on Monday.
The KPM Wealth Advisory Group is led by Donald H. Kinsey, Travis P. Moss and Matthew J. Pickett and contains assist employees Shawn Ezzo, Stephanie Mareth and Jacob Gross. They report back to Courtney Duphorne, complicated director of RBC’s Texas North area.
The group touted RBC’s assets together with “complete credit score and lending options” and a gaggle of property and way of life providers, reminiscent of non-public airways, faculty admission counseling and family staffing packages which are provided via exterior distributors.
The advisors had joined Stifel in 2016 from Credit score Suisse after the Swiss financial institution shuttered its U.S. wealth unit. They managed $800 million on the time and had solely been with Credit score Suisse for a couple of 12 months since becoming a member of from J.P. Morgan Securities.
Kinsey first registered with Bear, Stearns & Co. in 1994 and labored at 4 different companies earlier than becoming a member of JPMorgan from Smith Barney in 2009, in accordance with BrokerCheck. He didn’t reply to a request for remark.
Moss began with Banc of America in 1998, moved to Smith Barney in 2007 and adopted the identical path to Credit score Suisse as Kinsey. Pickett, a 43-year veteran, first registered with RBC predecessor Rauscher Pierce Refsnes and in addition joined J.P. Morgan from Smith Barney.
A Stifel spokesperson didn’t reply to a request for remark.
Final month, veteran recruiting govt Kristen Kimmell returned to RBC to be chief of its West Division after spending 5 years with impartial broker-dealer Osaic Wealth.
Stifel for its half final month landed a two-broker group that had managed $357 million at Morgan Stanley.