Stifel, Nicolaus & Company, Inc

CRD#793
Investment Advisor Firm

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Learn more about Stifel, Nicolaus & Company, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Stifel, Nicolaus & Company, Inc is a financial advisor firm headquartered in Saint Louis, Missouri. The company controls $97.7 billion in assets under management over 244,516 accounts, placing it among the largest financial advisory firms in the country by assets under management (AUM). The firm has a very large team of 6,153 employees, including 3,600 financial advisors. Stifel, Nicolaus & Company, Inc does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial investments such as bonds, options and equities.

    Stifel, Nicolaus & Company, Inc administers the majority of the company's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments for the client's account are made by an investment advisor without needing client consent. The firm also has 77,723 non-discretionary accounts totaling $40.7 billion in AUM. The advisory firm administers about $399,512 in assets for each customer account. An average advisor at Stifel, Nicolaus & Company, Inc administers around 68 client accounts, placing it towards the middle in terms of personalization.

    Stifel, Nicolaus & Company, Inc's main office is located at 501 N Broadway, Saint Louis, Missouri 63102. It is legally allowed to provide services to clients across 50 U.S. states and territories.

    Assets Under Management

    $97.7 billion

    Number of Advisors

    3,600

    Disclosures

    No

    Office Location

    501 N Broadway
    Saint Louis, MO 63102

    Stifel, Nicolaus & Company, Inc by the Numbers

    Total Assets Under Management

    $97.7 billion

    National Average: $3.7 billion
    Total Number of Employees

    6,153

    National Average: 29
    Total Number of Accounts

    244,516

    National Average: 2,073
    Average Account Size

    $399.5 thousand

    National Average: $1.8 million

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    Products and Services

    Stifel, Nicolaus & Company, Inc provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. However, the firm did not provide financial planning services to any of its customers in the last financial year. The company does sell products or offer services aside from investment advisory services to its customers. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, accountant or accounting firm, lawyer or law firm, insurance company or agency and commodity pool advisor.

    Core Advisor Services

    • Offered by 45% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 62% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 23% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 10% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors typically depend on the services offered. Fees billed by the firm most likely consist of the following fee types: asset-based, fixed or commission-based. The firm does participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

    Available

    • Offered by 74% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 2% of firms

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Offered by 40% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 35% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 17% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 1% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 12% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    Stifel, Nicolaus & Company, Inc does business with a number of different customers. Stifel, Nicolaus & Company, Inc works with retail investors, high net worth investors, banking institutions, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds, corporations and other. Out of its 244,516 clients, Stifel, Nicolaus & Company, Inc's largest client type by number of accounts is retail investors, though it also serves 61,424 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 39.57%
    • Other Individuals - 57.61%
    • Corporations - 2.16%
    • Charitable Organizations - 0.66%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Stifel, Nicolaus & Company, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Stifel, Nicolaus & Company, Inc

    John Thomas
    Saint Louis, MO
    Joanna Page
    Greensboro, NC
    Matthew Andrews
    West Bend, WI
    David Powers
    Skaneateles, NY
    Nicholas Perotta
    Saint Louis, MO
    Richard Midgley
    Modesto, CA
    Jeffrey Malavsky
    Fort Myers, FL
    Danny Mcneely
    Saint Louis, MO
    Dylan Gray
    Denver, CO

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    This content was compiled from the SEC and FINRA