Stifel Financial's Chief Executive Officer Ronald Kruszewski believes that current market conditions have created a window of opportunity for Stifel to attract top-performing advisors who may be looking to leave their existing firms.
As Kruszewski notes, one factor contributing to this window of opportunity is the recent departures of financial advisors from some of the highest-paying firms in the industry, such as Morgan Stanley and UBS. Those departures, along with other changes in the industry, have created a "reshuffling" of advisors, with many seeking new opportunities and platforms to grow their businesses, according to AdvisorHub.
Kruszewski believes that Stifel is well-positioned to take advantage of the current recruiting environment because Stifel's culture emphasizes independence and support for entrepreneurial advisors, which may be appealing to those looking for a more collaborative and flexible work environment.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
