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 firm based in Saint Louis, Missouri. The firm administers $132.6 billion in assets under management throughout 334,814 accounts, making it one of the largest firms in the nation by assets under management (AUM). The company has a very large group, including 3,012 financial advisors. Stifel, Nicolaus & Company, Inc does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial investments such as bonds, options and equities.

    Stifel, Nicolaus & Company, Inc manages 242,844 of the company's client assets on a discretionary basis. Discretionary management means that a portfolio manager makes buy and sell judgments for the client's account without requiring client consent. It also has 91,970 non-discretionary accounts totaling $50.9 billion in assets. The firm's average account size is $397,235. The typical advisor at Stifel, Nicolaus & Company, Inc manages around 111 client accounts.

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

    Assets Under Management

    $132.6 billion

    Number of Advisors

    3,012

    Disclosures

    No

    Office Location

    501 N Broadway
    Saint Louis, MO 63102

    Stifel, Nicolaus & Company, Inc by the Numbers

    Total Assets Under Management

    $132.6 billion

    National Average: $8.6 billion
    Total Number of Employees

    6,729

    National Average: 64
    Total Number of Accounts

    334,814

    National Average: 375,227
    Average Account Size

    $395.9 thousand

    National Average: $23.0 thousand
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    Products and Services

    Stifel, Nicolaus & Company, Inc provides 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 last financial year, the firm provided 11-25 of its clients with financial planning services. It does sell products or offer services other than investment advisory services to its customers. The firm is affiliated with a number of other companies 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 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.

    Back to Overview

    Fee Structure

    Fees charged by financial advisors largely vary depending on which services the firm provides the client. Fee types charged by Stifel, Nicolaus & Company, Inc likely include any blend of the following fee types: asset-based, fixed or commission-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Stifel, Nicolaus & Company, Inc.

    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

    Stifel, Nicolaus & Company, Inc manages money for a number of different clients. It works with retail investors, high net worth investors, banking institutions, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, corporations and other. Out of its 334,814 accounts, Stifel, Nicolaus & Company, Inc's largest client type by number of accounts is retail investors, though it also manages money for 48,961 high-net-worth individuals. The SEC defines a high-net-worth individual as someone 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 clients reside abroad.

    • High-Net-Worth Individuals* - 24.02%
    • Other Individuals - 73.34%
    • Corporations - 2%
    • Charitable Organizations - 0.64%

    * 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
    Morgan Nix
    Mobile, AL
    Stephen Lestmann
    Saint Louis, MO
    Heidi Chomatil
    Los Angeles, CA
    William Oehmig
    Chattanooga, TN
    Patrick Dammert
    Covington, KY
    Alan Beatty
    Jefferson City, MO
    Chelsea Woods
    New York, NY
    Peter Birdwell
    San Francisco, CA

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