Stifel Financial Corp. is a diversified financial services holding company that conducts its business through several wholly owned subsidiaries. Its primary broker-dealer subsidiary, Stifel, Nicolaus & Company, Incorporated, is a full-service brokerage and investment banking firm established in 1890.
Stifel Financial Corp. was formed as a holding company in July 1983 and is publicly traded on the New York Stock Exchange under the symbol "SF."
"When we announced our merger with Sterne Agee last month, an important goal of ours was to preserve Sterne Agee's Equities Business as an intact group. We, together with Sterne Agee's management, were committed to finding the right partner, and are very pleased that we have accomplished this goal of keeping approximately 170 professionals together so they can continue their careers as a team. At Stifel, our focus is on the individuals who collectively comprise an organization. We believe this philosophy will enable us to continue to build the preeminent wealth management and investment banking firm."
"We have identified a great firm in Sterne Agee to bolster our Global Wealth Management group with the addition of more than 700 financial advisors and independent representatives increasing advisor professionals by 35%. Sterne Agee's fixed income platform is highly complementary to our existing products and services, and together will catapult this business to a new level, continuing the momentum we established with the addition of Knight's fixed income sales and trading business. This acquisition furthers our goal of creating a balanced, well-diversified business mix with wealth management and institutional exposure."
"We had a strong finish to the year and are excited to report that 2014 was our 19th consecutive year of record net revenues. Both the Global Wealth Management and Institutional Group generated record revenues and record pre-tax operating income in 2014. We continue to add capabilities and talented professionals in our pursuit of building the preeminent brokerage and investment banking firm."
"Today, we announced the acquisition of Sterne Agee, which bolsters our Global Wealth Management segment with the addition of more than 700 financial advisors and independent representatives nationwide managing over $20 billion in client assets, and complements our Fixed Income platform, generating significant scale."