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."
"We are pleased with the performance of our private client and investment banking groups, which contributed nicely to our results in a challenging market environment. Our global wealth management segment posted record net revenues and record pre-tax operating contributions in the quarter. Investment banking benefitted from strong equity capital raising and advisory activity. Our institutional brokerage results are reflective of lower industry volumes."
"During the second quarter, we announced two acquisitions. Oriel Securities, a London-based stockbroking and investment banking firm, will build out our institutional businesses already underway in London. And, in June, we announced acquisition of Legg Mason Investment Counsel, which will be complementary to our high net worth private client group." (Read More)
"We are very pleased to welcome the experienced team of professionals from LMIC. The investment counsel business is a perfect addition to our existing wealth management platform. We think their high touch and personalized approach for each client's unique financial situation perfectly matches Stifel's model and culture. We look forward to partnering with the LMIC team." (Read More)