Stifel Financial Corp, a U.S. headquartered financial services holding company, has announced the hires of five financial advisors from Bank of America Merrill Lynch to strengthen its wealth management offering.

Stifel announced that Sonny Skinner, Mark Causey, Everett Nix, Steve Hagood and Will Humber would join broker-dealer unit Stifel, Nicolaus & Co Inc’s new private client group office in Tuscaloosa, Alabama.

The team, who operated as NSCHH Wealth Management Group, managed assets of $370m at Merrill Lynch.

In June, Stifel announced that it has entered into a purchase agreement to acquire the American division of Barclays Wealth & Investment Management.

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