SEC-registered wealth management firm Broker-dealer affiliated
Stifel, Nicolaus & Company, Incorporated
As of its Form ADV filed September 15, 2026, Stifel, Nicolaus & Company, Incorporated, an SEC-registered, broker-dealer affiliated wealth management firm in St. Louis, Missouri, reported $197.5 billion in regulatory assets under management across 394,160 accounts, ranking #4 among all wealth firms in Missouri by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 793
- SEC file number
- 801-10746
- Registered since
- May 7, 1975
- Latest Form ADV filing
- September 15, 2026
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 517
Key figures
- Regulatory assets under management
- $197.5 billion
- Discretionary
- $126.8 billion (64.2%)
- Non-discretionary
- $70.7 billion
- Accounts
- 394,160 (302,279 discretionary)
- Clients
- 236,191, approximate as reported
- Employees
- 6,478
- Advisory staff
- 3,079 performing investment advisory functions
- Average account
- $501,147
- Asset growth, 1 year
- 15.4% (from $171.2 billion a year earlier)
- Asset growth, 3-year annual rate
- 14.2% (from $132.6 billion three years earlier)
- Asset growth, 5-year annual rate
- 10.9% (from $117.8 billion five years earlier)
- Client growth, 1 year
- 6.2% (from 222,322)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $12.9 billion |
| October 3, 2011 | $12.8 billion |
| October 1, 2012 | $15.9 billion |
| October 1, 2013 | $21.0 billion |
| October 1, 2014 | $26.6 billion |
| October 1, 2015 | $31.9 billion |
| October 3, 2016 | $38.4 billion |
| October 2, 2017 | $53.9 billion |
| October 1, 2018 | $71.5 billion |
| October 1, 2019 | $74.6 billion |
| October 1, 2020 | $97.7 billion |
| October 4, 2021 | $117.8 billion |
| October 3, 2022 | $148.6 billion |
| October 5, 2023 | $132.6 billion |
| October 1, 2024 | $149.2 billion |
| September 2, 2025 | $171.2 billion |
| October 2, 2026 | $197.5 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 73,687 clients | $137.4 billion | |
| Individuals (other than high net worth) 156,989 clients | $41.0 billion | |
| Corporations or other businesses 1,967 clients | $6.2 billion | |
| Charitable organizations 1,426 clients | $5.3 billion | |
| Banking or thrift institutions 551 clients | $2.7 billion | |
| Pension and profit sharing plans 1,481 clients | $2.6 billion | |
| State or municipal government entities 47 clients | $1.8 billion | |
| Pooled investment vehicles 22 clients | $367.3 million | |
| Sovereign wealth funds and foreign official institutions 13 clients | $135.0 million | |
| Insurance companies fewer than 5 clients | $31.5 million | |
| Other 8 clients | $1.9 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
- Commissions
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
- Educational seminars or workshops
Financial planning clients (Item 5.H): 11-25.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Insurance broker or agent
- Registered municipal advisor
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Commodity pool operator or commodity trading advisor
- Banking or thrift institution
- Trust company
- Insurance company or agency
- Sponsor, general partner or managing member of pooled investment vehicles
Advises 22 private funds (Item 7.B).
Custody (Item 9)
The firm reported custody of client cash or securities, $181.5 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 3,359
- Also registered through a broker-dealer
- 3,353
- Employees who are IARs (Form ADV 5.B(3))
- 3,388
Designations held by the firm's IARs: CFP 414, CFA 58, ChFC 19, PFS 3.
Between 393 and 1,711 of the firm's 3,359 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 12 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Missouri
| Firm | City | RAUM |
|---|---|---|
| Wells Fargo Advisors | St. Louis | $252.3 billion |
| Focus Partners Wealth, LLC | St. Louis | $181.9 billion |
| Moneta Group Investment Advisors, LLC | St. Louis | $50.5 billion |
| Focus Advisor Solutions, LLC | St. Louis | $41.5 billion |
| Benjamin F. Edwards & Company, Incorporated | St. Louis | $18.9 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Stifel, Nicolaus & Company, Incorporated on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.stifel.com
- Wealth management firms in Missouri
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.