US-based brokerage firm Stifel, Nicolaus & Co has hired a veteran adviser, John Peterson, from Wells Fargo & Co’s US brokerage division, as a strategy to enhance its presence in Florida.

Peterson, who joined Stifel’s Melbourne office last week, has been appointed at Stifel’s private client group as a senior vice president of investments and has been joined by his client service associate, Ellen Cunningham.

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Peterson has worked in the advising industry for more than 16 years, exclusively at Wells Fargo Advisors and its predecessor firms, managing more than $100m in client assets.

Meanwhile, Wells Fargo declined to comment on Peterson’s departure.

Peterson had started his career at AG Edwards & Sons in 1996, joining Wells in 2008 after Wells bought Wachovia, which one year earlier had acquired AG Edwards.

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