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 operates as an advisory company located in Saint Louis, Missouri. It handles $148.6 billion in assets over 316,625 client accounts, making it one of the biggest firms in the United States by assets under management (AUM). The company has a very large group, including 2,992 financial advisors. Stifel, Nicolaus & Company, Inc is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like stocks, options and bonds.

    Stifel, Nicolaus & Company, Inc administers 225,808 of the firm's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell choices are made by a portfolio manager without requiring client permission. The company also oversees 90,817 non-discretionary accounts with a total of $59.5 billion in assets under management. The advisory firm administers an average of $470,588 in assets for each customer account. An average advisor at Stifel, Nicolaus & Company, Inc manages about 106 client accounts.

    The company's main office is at 501 N Broadway, Saint Louis, Missouri 63102. Stifel, Nicolaus & Company, Inc is legally permitted to provide services to clients throughout 50 U.S. states and territories.

    Assets Under Management

    $148.6 billion

    Number of Advisors

    2,992

    Disclosures

    No

    Office Location

    501 N Broadway
    Saint Louis, MO 63102

    Stifel, Nicolaus & Company, Inc by the Numbers

    Total Assets Under Management

    $148.6 billion

    National Average: $9.0 billion
    Total Number of Employees

    6,384

    National Average: 71,771
    Total Number of Accounts

    316,625

    National Average: 4,329
    Average Account Size

    $469.2 thousand

    National Average: $2.1 million

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    Products and Services

    Stifel, Nicolaus & Company, Inc offers multiple services, which can consist of 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. In the past financial year, the firm provided financial planning services to 25-Nov of its accounts. It does sell products or offer services other than investment advisory services to its clients. Stifel, Nicolaus & Company, Inc is also affiliated with a number of other service providers in the financial services industry, 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 31% 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 47% 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 21% 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 7% 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

    Financial management fees vary depending on the type of services provided. Fees billed by Stifel, Nicolaus & Company, Inc most likely include some combination of the following fee structures: asset-based, fixed or commission-based. The firm does participate in a wrap fee program, in which the company offers a bundle of services for a single fee.

    Available

    • Offered by 70% 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 1% 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 33% 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 21% 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 26% 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 0% 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 10% 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

    The firm does business with a broad range of customers. The firm works with retail investors, high net worth investors, banking institutions, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations and other. Out of its 316,625 customers, Stifel, Nicolaus & Company, Inc's biggest client group is retail investors, though it also manages money for 52,393 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management 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 clients reside abroad.

    • High-Net-Worth Individuals* - 26.96%
    • Other Individuals - 70.35%
    • Corporations - 2.04%
    • 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
    Zachary Hageman
    Valdosta, GA
    John Mayer
    Bismarck, ND
    Douglas Patton
    Pensacola, FL
    Stuart Buck
    Fort Myers, FL
    Adam Higgins
    Cincinnati, OH
    David Lee
    San Diego, CA
    Kyle Shaw
    Saint Louis, MO
    Eduardo Aguirre
    Indianapolis, IN

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.