Profile: Stifel Financial Corp (SF)
30 Jan 2015
Stifel Financial Corp., incorporated on December 31, 1981, is a financial holding company. The Company, through its subsidiary, Stifel, Nicolaus & Company, Incorporated (Stifel) offers retail and institutional brokerage and investment banking firm. The Company operates in three segments, including Global Wealth Management, Institutional Group and Other. Global Wealth Management segment operates in two businesses, the Private Client Group and Stifel Bank. Institutional Group segment includes institutional sales and trading. It provides securities brokerage, trading, and research services to institutions with an emphasis on the sale of equity and fixed income products. Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments held.
The Company’s other subsidiaries include Century Securities Associates, Inc. (CSA), an independent contractor broker-dealer firm; Keefe, Bruyette & Woods, Inc. (KBW), and Miller Buckfire, broker-dealer firms; Stifel Nicolaus Europe Limited (SNEL) and Keefe, and Bruyette & Woods Limited (KBW Limited). The Company’s European subsidiaries include Stifel Bank & Trust (Stifel Bank), a retail and commercial bank, and Stifel Trust Company, N.A. (Stifel Trust).
Global Wealth Management
The Company’s Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bank. The Private Client Group includes branch offices and independent contractor offices of its broker-dealer subsidiaries located in the United States, in the Midwest and Mid-Atlantic regions, and Western United States. These branches provide securities brokerage services, including the sale of equities, mutual funds, fixed income products and insurance, as well as offering banking products to its private clients through Stifel Bank, which provides residential, consumer and commercial lending, as well as Federal Depository Insurance Corporation (FDIC) insured deposit accounts to customers of its broker-dealer subsidiaries and to the general public.
The Company provides securities transaction, brokerage and investment services to its clients through the consolidated Stifel branch system and through CSA. As of December 31, 2013, the Private Client Group had a network of 1,934 financial advisors located in 316 branch offices in 45 states and the District of Columbia. The Company’s financial advisors provide a range of investments and services, including financial planning services to its clients. The Company offers equity securities; taxable and tax-exempt fixed income securities, including municipal, corporate, and government agency securities; preferred stock, and unit investment trusts. The Company also offers a range of managed fee-based products. In addition, the Company offers insurance and annuity products and investment company shares through agreements with third-party distributors.
The Company offers securities-based lending through Stifel Bank, which allows clients to borrow money against the value of qualifying securities for any suitable purpose other than purchasing, trading, or carrying marketable securities or refinancing margin debt. Through Stifel Bank, the Company offers retail and commercial banking services to private and corporate clients, including personal loan programs, such as fixed and variable mortgage loans, home equity lines of credit, personal loans, loans secured by CDs or savings and securities-based loans, as well as commercial lending programs, such as small business loans, commercial real estate loans, lines of credit, credit cards, term loans, and inventory and receivables financing, in addition to other banking products.
The Institutional Group segment includes research, equity and fixed income institutional sales and trading, investment banking, public finance and syndicate. The Company’s equity sales and trading team distributes its equity research products and communicates its investment recommendations to its client base of institutional investors, executes equity trades, sells the securities of companies for which it act as an underwriter, and makes a market in domestic securities.
The Company’s investment banking activities include the provision of financial advisory services with respect to mergers and acquisitions and the execution of public offerings and private placements of debt and equity securities. The investment banking group focuses on middle-market companies, as well as on companies in industries where the Company includes real estate, financial services, healthcare, aerospace/defense and government services, telecommunications, transportation, energy, business services, consumer services, industrial, technology and education.
The Company’s syndicate department coordinates marketing, distribution, pricing and stabilization of its managed equity and debt offerings. In addition, the department coordinates its underwriting participations and selling group opportunities managed by other investment banking firms.
The Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments held, compensation expense associated with the expensing of restricted stock awards and all unallocated overhead cost associated with the execution of orders; processing of securities transactions; custody of client securities; receipt, identification, and delivery of funds and securities; compliance with regulatory and legal requirements; internal financial accounting and controls, and general administration and acquisition charges.
Stifel Financial Corp
501 N Broadway
ST. LOUIS MO 63102-2102