Services and clients
Stifel, Nicolaus & Company provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars.
Financial planning was provided to 11–25 clients last fiscal year. The firm advises 22 private funds.
Clients
Stifel, Nicolaus & Company reports 236,191 clients. They include 156,989 other individual clients, 73,687 high-net-worth individuals, and 1,967 corporations and other businesses.
AUM per wealth client averages the assets reported for individuals and high-net-worth individuals over their reported client counts. It excludes institutional clients.
- Individuals (other than HNW)156,989 clients$41.03B in assets
- High-net-worth individuals73,687 clients$137.41B in assets
- Banking or thrift institutions551 clients$2.68B in assets
- Pooled investment vehicles22 clients$367.3M in assets
- Pension and profit-sharing plans1,481 clients$2.57B in assets
- Other client types3,461 clients reported$13.47B in assetsCharitable organizations; State or municipal government entities; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses; Other
Client shares use reported counts. Client types without a reported count are excluded from that total.
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 156,989 | $41,025,781,469 | 20.8% | $261K |
| High-net-worth individuals | 73,687 | $137,414,919,049 | 69.6% | $1.86M |
| Banking or thrift institutions | 551 | $2,680,545,230 | 1.4% | $4.86M |
| Pooled investment vehicles | 22 | $367,285,992 | 0.2% | $16.7M |
| Pension and profit-sharing plans | 1,481 | $2,569,165,672 | 1.3% | $1.73M |
| Charitable organizations | 1,426 | $5,349,397,955 | 2.7% | $3.75M |
| State or municipal government entities | 47 | $1,751,029,662 | 0.9% | $37.3M |
| Insurance companies | Fewer than 5 | $31,511,108 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | 13 | $135,023,649 | 0.1% | $10.4M |
| Corporations and other businesses | 1,967 | $6,205,721,954 | 3.1% | $3.15M |
| Other | 8 | $1,851,762 | 0.0% | $231K |
| Total | 236,191 | $197,532,233,502 | 100% | — |
- Clients
- 156,989
- Regulatory AUM
- $41,025,781,469
- AUM share
- 20.8%
- Avg. per client
- $261K
- Clients
- 73,687
- Regulatory AUM
- $137,414,919,049
- AUM share
- 69.6%
- Avg. per client
- $1.86M
- Clients
- 551
- Regulatory AUM
- $2,680,545,230
- AUM share
- 1.4%
- Avg. per client
- $4.86M
- Clients
- 22
- Regulatory AUM
- $367,285,992
- AUM share
- 0.2%
- Avg. per client
- $16.7M
- Clients
- 1,481
- Regulatory AUM
- $2,569,165,672
- AUM share
- 1.3%
- Avg. per client
- $1.73M
- Clients
- 1,426
- Regulatory AUM
- $5,349,397,955
- AUM share
- 2.7%
- Avg. per client
- $3.75M
- Clients
- 47
- Regulatory AUM
- $1,751,029,662
- AUM share
- 0.9%
- Avg. per client
- $37.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $31,511,108
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 13
- Regulatory AUM
- $135,023,649
- AUM share
- 0.1%
- Avg. per client
- $10.4M
- Clients
- 1,967
- Regulatory AUM
- $6,205,721,954
- AUM share
- 3.1%
- Avg. per client
- $3.15M
- Clients
- 8
- Regulatory AUM
- $1,851,762
- AUM share
- 0.0%
- Avg. per client
- $231K
Total
- Clients
- 236,191
- Regulatory AUM
- $197,532,233,502
- AUM share
- 100%
- Avg. per client
- —
64.2% of assets ($126.84B across 302,279 accounts) are managed with discretion; $70.69B across 91,881 accounts are not. $196.88B sits in a wrap fee program the firm both sponsors and manages.
Additional activity details
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 22
- Financial planning clients last fiscal year
- 11–25
Fees and minimums
Stifel, Nicolaus & Company is paid through a percentage of assets under management, fixed fees (other than subscription fees) and commissions.
Rates and terms vary by program. See the SEC brochures and fee pages for each schedule.
- VISION PROGRAM DISCLOSURE BROCHURE
- Submitted 31 March 2026
- ADVISORY CONSULTING SERVICES BROCHURE
- Submitted 6 April 2026
- STIFEL'S WRAP FEE PROGRAM BROCHURE
- Submitted 6 April 2026
- STIFEL FINANCIAL PLANNING DISCLOSURE BROCHURE
- Submitted 6 April 2026
Vision Program Fees
The Vision Program charges an annual asset-based account fee, generally billed quarterly in arrears. Investment, custody, transaction, and account maintenance expenses may be additional.
Vantage, Summit, and Private Fund Fees
The brochure covers commission-based Vantage accounts, negotiable Summit account fees, and separate Private Fund management fees. Summit billing is generally quarterly in advance with exceptions; Private Fund fees vary by fund and class and follow the offering documents.
Stifel Wrap Program Fees
Clients pay an asset-based Stifel Fee, with separate Product Fees for some portfolios and manager fees in Connect; disclosed ranges vary by program and portfolio. Billing is generally quarterly in advance, with exceptions, and account minimums vary by program and manager.
Fee-Based Financial Planning Fees
Fee-based financial planning charges vary with client complexity and scope, and exceptions to the general dollar cap may be allowed. The brochure states there is no minimum account size or minimum fee requirement.
Fee details and sources
STIFEL FINANCIAL PLANNING DISCLOSURE BROCHURE, submitted 6 April 2026.
Brochure and fee pagesADVISORY CONSULTING SERVICES BROCHURE, submitted 6 April 2026.
Brochure and fee pagesOwnership and people
Stifel Financial Corp. owns 75% or more of Stifel, Nicolaus & Company, and Ronald James Kruszewski is its CEO.
- Owns 75% or more of Stifel, Nicolaus & Company, Incorporated
Stifel Financial Corp.
Control person · since February 1982
Staff
- 6,478 employees
- 3,079 in advisory functions
- 3,388 state-registered reps
- 5,097 broker-dealer reps
- 2,586 insurance agents
- 51 soliciting firms
Investments and reported holdings
What the accounts hold
- Stocks45%
- Exchange-traded equities44%
- Non-exchange-traded equities1%
- Funds43%
- Registered funds42%
- Pooled vehicles1%
- Bonds7%
- State and local bonds3%
- U.S. government and agency bonds2%
- Investment grade corporate bonds2%
- Cash3%
- Other2%
- Variable group annuities, structured notes, mortgage backed2%
Custodians
Stifel, Nicolaus & Company has custody of $176.11B for 234,425 clients.
A named-custodian breakdown for separately managed accounts is not available in this profile.
Offices and registration details
Besides its headquarters, Stifel, Nicolaus & Company has 517 offices, with 26 listed addresses across 14 states.
California · 5 listed addresses
- 400 Spectrum Center Drive, Irvine
- 2121 Avenue of the Stars, Los Angeles
- One Montgomery Street, San Francisco
- 520 Newport Center Drive, Newport Beach
- 901 Bruce Road, Chico
Missouri · 4 listed addresses
- 501 N Broadway, ST LouisHQ
- 8182 Maryland Ave, Clayton
- 2021 S. Lindbergh BLVD, Frontenac
- 2021 S. Lindbergh, Frontenac
New York · 3 listed addresses
- 295 Woodcliff Drive, Fairport
- 1225 Franklin Ave, Garden City
- 1095 Avenue of the Americas, New York
Alabama · 2 listed addresses
- 800 Shades Creek Parkway, Birmingham
- 2660 Eastchase Lane, Montgomery
Indiana · 2 listed addresses
- 8900 Keystone Crossing, Indianapolis
- 10550 Broadway, Crown Point
Pennsylvania · 2 listed addresses
- 790 Township Line Road, Yardley
- 20 Ash Street, Conshohocken
Florida · 1 listed address
- 3835 Pga BLVD, Palm Beach Gardens
Illinois · 1 listed address
- 70 West Madison Street, Chicago
Kentucky · 1 listed address
- 600 North Hurstbourne Pkwy, Louisville
Massachusetts · 1 listed address
- 20 Custom House Street, Boston
Minnesota · 1 listed address
- 5500 Wayzata BLVD, Golden Valley
New Jersey · 1 listed address
- 305 Madison Avenue, Morristown
Texas · 1 listed address
- 2850 North Harwood, Dallas
Washington · 1 listed address
- 10400 Ne 4th Street, Bellevue
Other business names
Stifel, Nicolaus & Company has reported 1 other business name to the SEC.
- TWP Private Wealth Management
Registration details
- Legal name
- Stifel, Nicolaus & Company, Incorporated
- Headquarters
- 501 N Broadway, ST Louis, MO 63102
- SEC file
- 801-10746
- Structure
- Missouri corporation
- Fiscal year end
- December
- State notice filings
- 52 jurisdictions, most recently 3 July 2017
Notice filing jurisdictions
- Alabama
- Notice Filed · 7 June 2004
- Alaska
- Notice Filed · 5 July 2002
- Arizona
- Notice Filed · 13 October 2003
- Arkansas
- Notice Filed · 3 January 2000
- California
- Notice Filed · 8 July 1997
- Colorado
- Notice Filed · 16 April 1999
- Connecticut
- Notice Filed · 21 November 2005
- Delaware
- Notice Filed · 28 March 2006
- District of Columbia
- Notice Filed · 16 November 2004
- Florida
- Notice Filed · 18 February 1991
- Georgia
- Notice Filed · 16 August 1995
- Hawaii
- Notice Filed · 13 July 2000
- Idaho
- Notice Filed · 8 March 2006
- Illinois
- Notice Filed · 2 January 1998
- Indiana
- Notice Filed · 5 February 2001
- Iowa
- Notice Filed · 3 January 2000
- Kansas
- Notice Filed · 15 February 1999
- Kentucky
- Notice Filed · 25 February 2004
- Louisiana
- Notice Filed · 17 October 2001
- Maine
- Notice Filed · 8 March 2006
- Maryland
- Notice Filed · 1 January 1998
- Michigan
- Notice Filed · 17 October 2002
- Minnesota
- Notice Filed · 6 January 2000
- Mississippi
- Notice Filed · 29 January 2001
- Missouri
- Notice Filed · 30 January 1984
- Montana
- Notice Filed · 8 March 2006
- Nebraska
- Notice Filed · 20 June 2000
- Nevada
- Notice Filed · 14 September 2000
- New Hampshire
- Notice Filed · 17 September 2003
- New Jersey
- Notice Filed · 16 September 2003
- New Mexico
- Notice Filed · 8 March 2006
- New York
- Notice Filed · 4 June 2003
- North Carolina
- Notice Filed · 5 February 2003
- North Dakota
- Notice Filed · 8 March 2006
- Ohio
- Notice Filed · 23 March 2000
- Oklahoma
- Notice Filed · 23 October 2001
- Oregon
- Notice Filed · 4 January 2002
- Pennsylvania
- Notice Filed · 16 September 2003
- Puerto Rico
- Notice Filed · 30 March 2016
- Rhode Island
- Notice Filed · 8 March 2006
- South Carolina
- Notice Filed · 29 January 2001
- South Dakota
- Notice Filed · 8 March 2006
- Tennessee
- Notice Filed · 3 April 2002
- Texas
- Notice Filed · 28 August 1973
- Utah
- Notice Filed · 8 March 2006
- Vermont
- Notice Filed · 8 March 2006
- Virgin Islands
- Notice Filed · 23 April 2007
- Virginia
- Notice Filed · 27 July 2000
- Washington
- Notice Filed · 21 June 2000
- West Virginia
- Notice Filed · 8 March 2006
- Wisconsin
- Notice Filed · 30 December 1999
- Wyoming
- Notice Filed · 3 July 2017
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Stifel, Nicolaus & Company have?
Stifel, Nicolaus & Company has 236,191 clients and manages $197.5 billion for them, as of September 2026. They include 156,989 other individual clients, 73,687 high-net-worth individuals, and 1,967 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 September 2026
What services does Stifel, Nicolaus & Company offer?
Stifel, Nicolaus & Company provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Stifel, Nicolaus & Company have?
Stifel, Nicolaus & Company has 3,388 investment adviser representatives registered with state securities authorities, out of 6,478 employees, and 3,079 perform investment advisory functions. 5,097 employees are registered representatives of a broker-dealer and 2,586 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Stifel, Nicolaus & Company invest in?
At the end of its last fiscal year, Stifel, Nicolaus & Company’s separately managed accounts held 44% exchange-traded equities, 42% registered funds (mutual funds, ETFs, BDCs), 3% state and local bonds, 3% cash and equivalents, 2% U.S. government and agency bonds, 2% investment grade corporate bonds, 2% other, 1% non-exchange-traded equities and 1% pooled vehicles (private funds and similar). The 2% other category is described as: Variable Group Annuities, Structured Notes, Mortgage Backed. It advises 22 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Stifel, Nicolaus & Company?
Stifel, Nicolaus & Company’s direct owner is Stifel Financial Corp. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 15 September 2026
How does Stifel, Nicolaus & Company get paid?
Stifel, Nicolaus & Company is paid through a percentage of assets under management, fixed fees and commissions. Its Form ADV lists no performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file