Stifel Independent Advisors, LLC

CRD#28218
Investment Advisor Firm

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Learn more about Stifel Independent Advisors, LLC

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

    • Overview

    Stifel Independent Advisors, LLC is located at 501 N Broadway, Saint Louis, MO. The firm employs 127 financial advisors to manage client portfolios and provide financial guidance. Stifel Independent Advisors, LLC is a registered broker-dealer.

    Stifel Independent Advisors, LLC oversees $3.6 billion in assets under management across 9,973 accounts, of which 5,896 are discretionary and 4,077 are non-discretionary. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, and educational seminars. The firm caters to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at Stifel Independent Advisors, LLC includes asset-based, fixed, and commission-based fees. The firm has 1,548 high net worth clients and maintains affiliations 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.

    Stifel Independent Advisors, LLC is registered in the states of Alabama, Arizona, Connecticut, District of Columbia, Iowa, Maryland, Alaska, Louisiana, Arkansas, Delaware, Idaho, Maine, California, Florida, Georgia, Illinois, Kentucky, Colorado, Hawaii, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Rhode Island, South Carolina, South Dakota, Utah, Virginia, West Virginia, Wisconsin, Wyoming, Mississippi, Pennsylvania, Montana, New Hampshire, Washington, Nevada, Oklahoma, Oregon, Tennessee, and Texas.

    Assets Under Management

    $3.6 billion

    Number of Advisors

    127

    Disclosures

    No

    Office Location

    501 N Broadway
    Saint Louis, MO 63102

    Stifel Independent Advisors, LLC by the Numbers

    Total Assets Under Management

    $3.6 billion

    National Average: $8.6 billion
    Total Number of Employees

    190

    National Average: 64
    Total Number of Accounts

    9,973

    National Average: 375,227
    Average Account Size

    $356.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Stifel Independent Advisors, LLC provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, and educational seminars. However, Stifel Independent Advisors, LLC did not provide financial planning services to any of its clients in the previous financial year. The Company is involved in selling products or offering services aside from investment advice to its customers.

    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 46% 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 20% 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 6% 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 advisory fees typically are based on which services are provided. Fees billed by Stifel Independent Advisors, LLC most likely consist of some combination of the following fee structures: asset-based, fixed, or commission-based. The company participates in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 69% 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 32% 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 company works with a number of different customers. The company caters to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, and corporations. Out of its 6 clients, Stifel Independent Advisors, LLC's largest client group by number of accounts is high net worth investors, although it also serves 1548 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 23.8%
    • Other Individuals - 74.1%
    • Corporations - 1.74%
    • Charitable Organizations - 0.35%

    * 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 Independent Advisors, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Stifel Independent Advisors, LLC

    Clay Jones
    Saint Louis, MO
    Dane Lucero
    Saint Louis, MO
    Zakary Tomlin
    Saint Petersburg, FL
    Matthew Lesko
    Hunt Valley, MD
    Steven Sabol
    Edinboro, PA
    Matthew Frate
    Saint Louis, MO
    Mary Steele
    Landrum, SC
    Joseph Oliver
    Saint Louis, MO
    Matthew Schroeder
    Saint Louis, MO

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