SA Stone Recruits $200 Million Cetera TeamSA Stone Recruits $200 Million Cetera Team
SB Wealth joins SA Stone Wealth Management, the former Sterne Agee broker/dealer, now a subsidiary of INTL FCStone.
San Clemente, Calif.-based SB Wealth has left Cetera Advisor Networks to join SA Stone Wealth Management, the former Sterne Agee broker/dealer that is now a subsidiary of INTL FCStone. The team, led by Chief Investment Officer Jena Schuster, manages $200 million in client assets.
The advisory firm will have access to INTL FCStone’s market intelligence platform and custody and clearing services, which it introduced to the market in November 2016.
Stifel Financial announced in summer 2016 that it would shed the Sterne Agee business, which included independent brokerage, clearing and registered investment advisor businesses, and sell it to INTL FCStone, a commodities and Forex broker.
