Stifel Nicolaus
"Investment Services Since 1890", "Advisor of Choice, Firm of Choice, Investment of Choice."
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| Public | |
| Traded as | : SF S&P 400 Component |
| Industry | Investment services |
| Founded | 1890 |
| Headquarters | St. Louis, Missouri, U.S. |
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Key people
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Ronald J. Kruszewski (Chairman of the Board, President, and CEO) |
| Products |
Asset management Financial Services Investment Banking Investment Managing |
| Revenue | US$ 2.2 billion (2014) |
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Number of employees
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5,266 (2012) |
| Website | www.stifel.com |
Stifel Financial Corp. (: SF) is a financial services holding company created in July 1983 and listed on the on November 24, 1986. Its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company and is headquartered in downtown St. Louis, Missouri.
Stifel offers securities-related financial services in the United States and Europe through several wholly owned subsidiaries. Its clients are served through Stifel, Nicolaus & Company, Incorporated (Stifel Nicolaus) in the U.S., a full-service retail and institutional brokerage and investment banking firm, through Stifel Nicolaus Canada Inc. in Canada, and through Stifel Nicolaus Europe Limited (SNEL) in the United Kingdom and Europe. Its other subsidiaries include Thomas Weisel Partners LLC (TWP), Century Securities Associates, Inc. (CSA), an independent contractor broker-dealer firm, and Stifel Bank & Trust, a retail and commercial bank. The company's broker-dealer affiliates provide securities brokerage, trading, investment banking, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank & Trust offers a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. offers trust and related services.
On December 1, 2005, Stifel Financial closed on the acquisition of the Legg Mason Capital Markets business (LM Capital Markets) from Citigroup Inc. The LM Capital Markets business acquired included investment banking, equity and fixed income research, equity sales and trading, and taxable fixed income sales and trading (22 offices in the US and Europe and 500 associates). These assets gave the company substantial research and capital market capabilities and transformed the company from a regional firm to a national one.
In 2006, the company acquired the Private Client Group of Minneapolis-based Miller Johnson Steichen Kinnard, Inc. (MJSK) (7 offices and 50 financial advisors).
In 2007, the company completed the acquisition of Ryan Beck & Co. from BankAtlantic Bancorp (43 offices in 14 states and 1,100 associates). The acquisition significantly increased the company's presence in the East coast. The firm also opened several Private Client Group offices in the state of California and branched out across the entire West coast. During the same year, the company completed the acquisition of First Service Financial Company, and its wholly owned subsidiary, FirstService Bank, a St. Louis-headquartered, Missouri chartered bank. As a result of the transaction, the company became a bank holding company and a financial holding company.
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Wikipedia