Stifel Financial Corp. reported selected operating results for August 31, 2026, with total client assets and fee-based client assets reaching record highs. Total client assets rose 10% year over year to $587,622 million, while fee-based client assets increased 14% to $244,377 million, and Private Client Group fee-based client assets climbed 15% to $214,193 million. Excluding the Stifel Independent Advisors business sold on February 2, 2026, total client assets and fee-based client assets rose 12% and 17% year over year, respectively. Treasury deposits grew 61% year over year and 7% month over month to $12,344 million, while client money market and insured product balances fell 8% year over year to $23,443 million. Chairman and Chief Executive Officer Ronald J. Kruszewski said the firm expects third-quarter firm-wide net revenue to be essentially flat with the third quarter of 2025, as strong growth in Global Wealth Management offsets a roughly 15% decline in the Institutional Group driven by lower transactional revenue and a modest decline in investment banking revenue.
Stifel Financial CorporationStifel reported record total and fee-based client assets for August 2026, with total client assets up 10% YoY to $587.6B and fee-based assets up 14%.
