DALLAS -- Texas-based Rauscher Pierce Refsnes has hired a trio of local investment bankers to expand into Oklahoma, giving market leader Stifel, Nicolaus & Co. a well-capitalized rival.

After years of looking for opportunities in Oklahoma, Rauscher executives said this week that they hired Paul and Greg Nieto, a father and son team that operated a financial advisory firm in Oklahoma City for eight years, and Steve McDonald, a financial adviser who has worked extensively with school districts while at Evan L. Davis Inc. in Tulsa.

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