Stifel Company Overview and Investment Philosophy

Stifel is a financial services holding company that provides a wide range of financial services and products to individuals, families, businesses, and institutions.

Founded in 1890, Stifel has a rich history of providing financial expertise and guidance to its clients.

The company's investment philosophy focuses on delivering long-term results for its clients through a disciplined and research-driven approach.

Stifel's experienced investment professionals use a combination of fundamental analysis and technical research to identify opportunities and manage risk.

With a strong presence in the US and Canada, Stifel operates through several business segments, including global wealth management, institutional securities, and commercial banking.

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Stifel is a full-service brokerage and investment bank that provides a wide range of financial services to its clients.

The firm has a large network of over 2,000 financial advisors and professionals who work with individual investors, corporations, and institutions to meet their financial needs.

Stifel's client base includes high net worth individuals, families, and small business owners who are seeking investment advice and wealth management services.

The company's financial advisors are experienced professionals who are registered with the Financial Industry Regulatory Authority (FINRA) and are required to pass rigorous exams to maintain their licenses.

Stifel's account management system allows clients to access their account information online, including account balances, investment portfolios, and transaction history.

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Stifel, Nicolaus & Company offers a wide range of advisory and management services to its clients. From financial planning to investment banking, the firm has got you covered.

Some of the specific services offered by Stifel include financial planning, wealth planning, estate planning, and retirement planning. They also provide tax management and mitigation, cash management, and financial consulting services.

The firm's services don't stop there. Stifel also offers corporate executive services, ETF recommendations, education cost planning, and bond underwriting for public entities. And, for those who want to take a more hands-on approach, the firm even offers proprietary stock-picking research.

Here are some of the key services offered by Stifel:

Stifel's investment philosophy is centered around a long-term approach, using exchange-traded funds (ETFs), mutual funds, and fixed-income securities in client portfolios. This approach helps to standardize the client experience and ensure that each client's goals are met.

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Stifel, Nicolaus & Company offers a wide range of advisory and management services to its clients, including financial planning, wealth planning, and estate planning.

Some of the specific services they provide include financial consulting services, corporate executive services, and proprietary stock-picking research. This suggests that they have a team of experienced professionals who can offer expert advice on various aspects of business and finance.

Their services also extend to investment banking, tax management and mitigation, and cash management. This means that clients can get help with everything from raising capital to managing their taxes and cash flow.

Here are some of the specific services they offer, grouped by category:

Stifel, Nicolaus & Company has a general long-term investment ideology that guides its services.

This ideology includes the use of exchange-traded funds (ETFs), mutual funds, and fixed-income securities in client portfolios.

The company uses a standardized process to interact with new and existing account holders, starting with a face-to-face meeting to determine financial goals and current situation.

Your advisor will need a full picture of your financial situation to base your plan on.

Your risk tolerance, liquidity needs, and investment plan will be ironed out after discussing your goals and situation.

The firm will regularly monitor your account and rebalance as necessary to ensure your plan stays on track.

Stifel's investment philosophy prioritizes long-term goals and steady progress over short-term gains.

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Fees Under Stifel, Nicolaus & Company are structured in a way that might seem complex at first, but it's actually quite straightforward once you break it down. Stifel charges a wrap fee for various programs, which can range from 2.5% of your assets.

The wrap fee is charged quarterly, meaning if you're given an annual percentage rate, it will be split into four even charges over the year. This helps to make the fee structure more manageable and predictable.

The firm's fee schedule varies across different services and programs, as shown in the table below:

It's worth noting that performance-based fees are not charged by Stifel, so you won't have to worry about paying extra based on the performance of your investments.

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Stifel, Nicolaus & Company has several disclosures and legal issues noted on its ADV form from 2015 to 2023, which you may want to review if you're interested in learning more.

The firm is fee-based, meaning it earns compensation outside of the fees its clients pay, which can create potential conflicts of interest.

Some of Stifel's advisors may earn commissions from the sale of specific securities and insurance policies, along with non-cash compensation, which can incentivize them to sell these products.

However, Stifel, Nicolaus & Company is a fiduciary, which means it is legally bound to act in your best interest at all times.

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Stifel analyst Stephen Gengaro slashed Canoo's price target by 89%, from $4.50 to $0.50.

Canoo shares fell 11% on Monday, closing at $1.37, after the analyst downgraded the firm's rating from "Buy" to "Hold".

The company's market capitalization dropped to just under $7 million, the lowest in its history.

Gengaro cited the production suspension and financial condition as reasons for the downgrade and price target cut.

The analyst says the stock is in their 'Butch Huskey' category, a Mets player in the early-to-mid 90s who had early signs of success but wasn't prepared for prime time.

A former Canoo employee reported that the company's manufacturing partner, Zion, locked the robots on the main production line out of operation last October due to non-payment.

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Stifel Financial Corp. operates in three distinct segments: Global Wealth Management, Institutional Group, and Other. This diversified approach allows the company to cater to a wide range of clients and financial needs.

The Global Wealth Management segment is a key part of Stifel's business, offering comprehensive financial services to high net worth individuals and families.

Stifel's Institutional Group segment focuses on providing investment banking and research services to institutional clients, such as corporations and governments.

The Other segment encompasses a variety of miscellaneous activities and operations that support the company's overall growth and success.

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Stifel Nicolaus faced a Securities and Exchange Commission (S.E.C.) lawsuit in 2011, claiming the firm duped five Wisconsin school districts into buying $200 million in "unsuitable" securities.

The S.E.C. alleged that Stifel Nicolaus hid the risks of these investments through a series of falsehoods and misrepresentations. The school districts had purchased the investments in 2006 with a combination of borrowed funds and their own money.

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Stifel Nicolaus claimed that the investments were so safe that it would take "15 Enrons" or some other unexpected catastrophe for them to fail. However, the first increment of securities did badly, and credit agencies issued a "negative watch" on part of the portfolio within days of its closing.

Here is a summary of the key dates in this case:

Stifel Nicolaus said it was "deeply disappointed" by the S.E.C.'s action and would "vigorously defend" its behavior in the transactions.

Stifel has been a leading financial services firm for over 120 years, with a rich history dating back to 1890.

The firm has undergone significant changes over the years, including its acquisition by Stifel Financial Corporation in 2000, which marked a major milestone in its evolution.

Stifel has a strong presence in the investment banking industry, with a global network of offices and a team of experienced professionals.

In 2020, Stifel reported net revenues of $3.6 billion, a testament to its continued success and growth.

The firm's commitment to innovation has led to the development of cutting-edge financial solutions, such as its online trading platform, which offers clients a seamless and secure trading experience.

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Stifel is a global financial services firm, and at the heart of its success are the people who lead the company.

Bill Ferguson serves as the President and Chief Operating Officer of Stifel, overseeing the firm's operations and strategy.

Gregory J. Fleming is the President and Chief Executive Officer of Stifel, responsible for the company's overall direction and performance.

Stifel's leadership team is comprised of experienced professionals who have a deep understanding of the financial industry and a commitment to excellence.

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