Stifel Accused in Federal Class Action of Costing Workers Up to $134 Million by Keeping Poorly Performing Funds in 401(k) Plan
Stifel Financial Corp. is facing a federal class action lawsuit alleging it breached fiduciary duties by retaining two consistently underperforming investment funds in its employee 401(k) plan. The lawsuit, filed by employee Amber Striplin, claims that the failure to remove the American Century Large Cap Growth Pooled Account and Artisan Mid-Cap Growth Pooled Account resulted in $42 million to $134 million in lost retirement savings for participants since March 1, 2020. This case highlights a growing trend of ERISA challenges against employers regarding the management of retirement plans.
Stifel Financial faces federal lawsuit as employees allege $134 million in lost savings
Stifel Financial is being sued by its employees in a federal lawsuit, alleging $134 million in lost retirement savings. The lawsuit claims that two growth funds offered in the company's 401(k) plan underperformed market benchmarks, leading to significant financial losses for employees. The legal challenge highlights concerns over the management and performance of the company's employee retirement investment options.
Stifel Financial Sued Again Over Handling of Worker 401(k) Plan
Stifel Financial is facing another lawsuit over its 401(k) plan, alleging that the company mismanaged employees' retirement savings. The proposed class action claims Stifel failed to remove two underperforming American Century Investments funds from the plan, costing workers between $42 million and $134 million. The lawsuit, filed by plan participant Amber Striplin, argues these funds consistently lagged benchmarks and should have been replaced.
Sanford Heisler Sharp McKnight Files $134 Million ERISA Class Action Case Against Stifel Financial, Corp. on Behalf of More Than 10,000 Retirement Plan Participants
Sanford Heisler Sharp McKnight has filed a $134 million ERISA class action lawsuit against Stifel Financial, Corp., alleging mismanagement of its 401(k) plan. The suit claims Stifel breached fiduciary duties by retaining two underperforming funds, the American Century Large Cap Growth Fund and the Artisan Mid-cap Growth Fund, for over a decade, costing employees and retirees significant retirement savings. The complaint asserts that these funds collectively led to up to $134,000,000 in losses for the plan’s 10,000 participants and beneficiaries.
Stifel lowers Parsons stock price target to $89 on Q4 miss
Stifel has lowered its price target for Parsons Corp. (NYSE:PSN) to $89 from $90, while maintaining a Buy rating, following the company's Q4 2025 earnings and revenue miss. The company's stock fell 15% due to muted 2026 revenue guidance and concerns about AI disruption in the government service industry, though Stifel believes these AI worries are "overblown." Despite the immediate setback and recent stock drops, Parsons maintains a "FAIR" financial health score, and Stifel remains optimistic about its growth verticals.
Stifel (SF) To Report Earnings Tomorrow: Here Is What To Expect
Stifel Financial (SF) is set to announce its earnings results tomorrow before the bell. Analysts expect the company's revenue to grow by 11.2% year-on-year to $1.52 billion and adjusted earnings to reach $2.51 per share. The company has a strong record of beating revenue estimates and its stock price has been steady, with an average analyst price target of $139.75.
Stifel’s co-heads for GP solutions advisory departing the firm
This article reports that the co-heads of GP solutions advisory at Stifel are departing the firm. No further details are available in the provided content snippet.
Stifel Financial reports record client assets in November
Stifel Financial Corp. (NYSE:SF) announced record highs in total client assets ($553.6 billion) and fee-based client assets ($224.7 billion) in November 2025, driven by strong recruiting and market gains. The company's stock has seen significant growth, with over a 30% increase in the past six months, reflecting investor confidence. Stifel also noted increased client money market balances and Treasury deposits, with bank loans rising 6% year-over-year.
Vitalhub (TSE:VHI) Upgraded at Stifel Canada
Stifel Canada upgraded Vitalhub (TSE:VHI) to a strong-buy rating on October 17th, 2025. This upgrade follows several other financial firms revising their price targets and ratings for Vitalhub, with the stock currently holding an average "Buy" rating and a target price of C$14.86. The article also details recent insider stock sales by Vitalhub directors Danny Matlow and Steve Garrington.
Stifel Financial Corporation (SF) Stock forecasts - Yahoo
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Stifel Financial Corporation (SF) Stock Forecasts - Yahoo Finance
This Yahoo Finance page provides a quantitative report from Argus on Stifel Financial Corporation (SF), a middle-market-focused investment bank. The report indicates a current price of $109.10 for SF and mentions premium research reports are available upon upgrade. It also lists related reports for other financial companies and market activities.
ALLIED GOLD ANNOUNCES OVERNIGHT MARKETED OFFERING
Allied Gold Corporation announced an overnight marketed offering of common shares to fund optimization and growth initiatives, including accelerating development at Sadiola and modifying the plant at Kurmuk. The offering is expected to close around October 24, 2025, and the net proceeds will also be used to transition to owner mining and for general corporate purposes.
Stifel initiates coverage on Black Diamond stock with Buy rating - Investing.com
This article reports that Stifel has initiated coverage on Black Diamond stock with a Buy rating. However, the full content of the article is unavailable due to an application error on the website.
Stifel Reaffirms Buy Rating on Enterprise Products Partners (EPD) with $35 Price Target - Yahoo Finance
Stifel has reaffirmed its Buy rating and $35 price target for Enterprise Products Partners L.P. (EPD) despite adjusting estimates due to lower-than-expected utilization at PDH plants and a decline in crude oil export volumes. The firm's analysis also incorporates EPD's $580 million acquisition of Midland gathering assets. EPD continues to be a strong player in energy infrastructure, has raised its dividend for 27 consecutive years, and offers a 7.08% dividend yield.
REG - PetroTal Corp. - Transaction in Own Shares
PetroTal Corp. announced a transaction in its own shares, repurchasing 18,155 common shares on October 14, 2025, through Stifel Nicolaus Europe Limited as part of its share buyback program. These shares, bought at varying prices in pence and CAD, will be cancelled, leaving 913,207,013 common shares in issue with equal voting rights. The company provided detailed individual trade information and contact details for further information.
Stifel reiterates Buy rating on Bausch & Lomb stock, maintains $12 price target By Investing.com - Investing.com South Africa
Stifel has reiterated its Buy rating on Bausch & Lomb stock, maintaining a price target of $12. The original article content is currently unavailable due to an application error on the website.
Pattern Group stock initiated with Buy rating at Stifel on e-commerce strength - Investing.com
This article reports a client-side exception encountered while trying to load content from Investing.com related to Pattern Group stock. It indicates that Stifel initiated coverage on Pattern Group with a Buy rating due to its e-commerce strength, but the full details of the report are unavailable due to the error. The error message suggests checking the browser console for more information.
Stifel initiates coverage on WaterBridge Infrastructure stock with Buy rating - Investing.com
This article reports that Stifel initiated coverage on WaterBridge Infrastructure stock with a Buy rating. However, the article content itself is an application error message, indicating that the intended news content is not available. Therefore, no further details about the analyst's reasons for the Buy rating are provided.
Stifel Financial Corp. Reports 9% Increase in Total Client Assets as of July 31, 2025
Stifel Financial Corp. announced significant growth in its operating results as of July 31, 2025, with total client assets increasing by 9% year-over-year to a record $522.3 billion, and fee-based client assets rising by 14%. The company also saw an 87% surge in Treasury deposits, attributed to strong venture and fund deposit gathering capabilities. Despite a slight decline in client money market and insured product balances, Stifel emphasizes the resilience of its deposit base and continued success in attracting new assets, alongside a 1% increase in bank loans driven by Fund Banking and Residential lending.
Stifel Fined $175,000 Over Inaccurate Order Routing Disclosures
Stifel, Nicolaus & Company has been fined $175,000 and censured by FINRA for publishing inaccurate and incomplete reports on its handling of customer orders in National Market System (NMS) securities. Between January 2020 and December 2023, the firm's quarterly reports under Rule 606(a) of Regulation NMS misstated key information regarding payments for order flow and execution venues. FINRA also found Stifel's supervisory system inadequate from January 2020 to April 2025, as it failed to verify the accuracy of underlying data or the completeness of disclosures, leading to the acceptance of these findings without admitting or denying the allegations.
Stifel co-president Nesi to retire, join board as Institutional Group revenue soars under his tenure
Stifel Financial's co-president, Victor Nesi, is set to retire after 16 years with the company, but will transition to a role on its board. His retirement comes as Stifel's Institutional Group has seen significant revenue growth under his leadership. The article highlights Nesi's ongoing involvement with Stifel despite his retirement from the co-presidency.
AI Revolution Goes Beyond NVIDIA to Semiconductor Component Manufacturing Stocks
Tore Svanberg, an analyst at Stifel Financial Corp., discusses how the AI revolution extends semiconductor investment opportunities beyond industry giants like NVIDIA to companies manufacturing crucial component parts. He highlights the impact of US-China trade tensions, stressing that much electronics manufacturing has already shifted to Southeast Asia. Svanberg identifies key areas for growth in AI infrastructure, specifically networking and power management, pointing to companies like Marvell, Credo Technology, Astera Labs, Monolithic Power Systems, and others that stand to benefit from the increasing demand for specialized components to power AI clusters.
Stifel expands European reach with completion of investment bank acquisition
Stifel Financial Corp. has completed its acquisition of European investment bank Bryan, Garnier & Co., a move that strengthens Stifel's presence in the European market. According to Stifel's CEO, Ronald Kruszewski, this acquisition is a significant step towards the company's ambition of becoming the premier global investment bank for the middle market. The deal enhances Stifel's capabilities in Europe, aligning with its strategic growth objectives.
Why Stifel Financial Stock Was Down on Wednesday
Stifel Financial's stock dropped by almost 4% on Wednesday after its first-quarter earnings report missed analyst expectations. Despite record net revenue for the quarter, the company's adjusted net income fell significantly year-over-year, largely due to higher litigation-related expenses in its global wealth management business. CEO Ronald Kruszewski expressed optimism about long-term growth and the resilience of U.S. financial markets despite current macroeconomic headwinds.
Stifel profits plunge on the back of $180M penalty
Stifel's first-quarter profits were significantly impacted by a $180 million legal charge, primarily due to a $133 million FINRA penalty related to structured notes recommendations. Despite record revenue and a focus on recruiting higher-producing advisors, the firm saw a decline in advisor headcount and modest asset outflows due to weaker equity markets. CEO Ron Kruszewski expressed cautious optimism for long-term growth, not anticipating a recession.
Stifel's profit drops, CEO cites 'significant legal charge' in Q1
Stifel Financial Corp. reported a significant 72% drop in net income to $43.6 million for the first quarter compared to the same period in the previous year. The CEO attributed this substantial decrease to a "significant legal charge." This financial downturn comes despite the company's past growth fueled by investment banking activity and acquisitions.
A Conversation with Ron Kruszewski — Chairman of the Board and CEO of Stifel Financial Corp.
Tony Sirianni interviews Ron Kruszewski, Chairman and CEO of Stifel Financial Corp., discussing market volatility, AI's role in advisory services, recruiting, and company culture. Kruszewski shares insights on navigating market corrections and the impact of political factors, while also highlighting technology's role in enhancing, not replacing, human advisors.
B. Riley Financial to divest part of wealth management business to Stifel
B. Riley Financial announced an agreement to sell a segment of its wealth management business to Stifel Financial for an estimated $27m to $35m in cash. This deal is expected to transition 40 to 50 advisors and approximately $3.5bn to $4.5bn in assets under management (AUM) to Stifel in early 2025. The move aims to refocus B. Riley on its core middle-market financial services business, while excluding its independent advisors and tax professionals from the sale.
Stifel, Toyota Expand Partnerships to Include Naming Rights of Stifel U.S. Para Alpine Ski Team, Toyota U.S. Para Snowboard Team
Stifel Financial Corp (NYSE: SF) and Toyota (NYSE: TM) have expanded their partnerships with U.S. Ski & Snowboard to include naming rights for the Stifel U.S. Para Alpine Ski Team and the Toyota U.S. Para Snowboard Team. This move increases financial support for Para sports, allowing for further program development and athlete success leading up to future Paralympic events. The expansion builds on existing sponsorships and is effective immediately.
Stifel’s Successful Formula Leads to More Recognition from J.D. Power
Stifel Financial Corp.'s broker-dealer subsidiary, Stifel, Nicolaus & Company, Incorporated, has been ranked No. 1 in the employee advisor segment of the J.D. Power 2024 U.S. Financial Advisor Satisfaction Study℠ for the second consecutive year. Stifel achieved a score of 767 out of 1,000, 130 points higher than the segment average, and ranked first in leadership and culture, products and marketing, and operational support categories. Chairman and CEO Ron Kruszewski attributes this success to a deep commitment to supporting advisors, fostering a bureaucracy-free environment, and building a firm where advisors can thrive and enjoy their work.
Stifel & Lord Abbett Form Leveraged Lending Joint Venture
Stifel Financial Corp. and Lord Abbett, LLC announced the formation of SBLA Private Credit, a leveraged lending joint venture. This new entity will focus on new issue and existing loans to small and mid-sized portfolio companies of financial sponsors, combining Stifel's full-service platform with Lord Abbett's leveraged credit presence and capital base. The partnership aims to expand Stifel Bank’s capacity for larger credit facilities and deepen Lord Abbett’s market presence in private credit.
Stifel Financial hits new high in client assets
Stifel Financial Corp. announced a new high in client assets under management, reaching $444 billion by the end of last year, a 14% increase year-over-year. The firm also reported record net revenue for its global wealth management group and a 150% growth in wealth management revenue since 2014, although pretax net income saw a slight dip. Stifel Financial shares also hit a 52-week high, reflecting investor confidence despite a previously reported legal charge.
Stifel entices $650M team from LPL Financial
A team of seven financial advisors, led by Mark Stofan, has moved from LPL Financial to Stifel Independent Advisors, bringing with them approximately $650 million in client assets. The team, known as Stofan Agazzi Investments, cites Stifel's extensive resources, long-term perspective, and strong support as key reasons for the transition, aiming to enhance client services and growth trajectory. This move highlights Stifel's continued expansion and ability to attract experienced advisory teams.
With 86% ownership, Stifel Financial Corp. (NYSE:SF) boasts of strong institutional backing
Stifel Financial Corp. (NYSE:SF) shows strong institutional backing with 86% ownership by institutions, indicating significant influence over its share price. The Vanguard Group, BlackRock, and Capital Research and Management Company are among the largest shareholders, collectively holding a substantial portion of the company. Additionally, insiders hold a meaningful stake, signaling alignment with company performance.
Stifel Financial cites 'challenging market conditions' for Q3 net income decline
Stifel Financial Corp. reported a significant 55% decrease in quarterly net income, attributing the decline to "challenging market conditions." The St. Louis-based investment bank and financial services company faced a difficult quarter.
Cardinals announce Stifel as club's first jersey patch sponsor
The St. Louis Cardinals announced Stifel as the club's first-ever official jersey patch partner through a seven-year agreement, starting immediately. Stifel's logo will appear on the sleeve of all four Cardinals on-field game uniforms. This partnership extends beyond the jersey patch to include promotional, hospitality, and signage elements at Busch Stadium, making the Cardinals the ninth MLB team to announce such a sponsorship.
The bank whose teams seem to keep quitting before bonuses
Numerous teams and key personnel, many on guaranteed bonuses, have reportedly been leaving Stifel Financial Corp., particularly its KBW investment banking division, ahead of year-end bonus payments. This exodus includes entire teams like FIG, as well as managing directors and heads of departments, amidst speculation about the bonus pool being diverted to cover a recent acquisition and complaints about company culture. The bank maintains it is actively recruiting and growing.
White & Case advises KIS on JV with Stifel
Global law firm White & Case LLP advised Korea Investment & Securities Co., Ltd. (KIS) on forming a leveraged lending joint venture, SF Credit Partners, with Stifel Financial Corp. This deal extends KIS's reach into new markets and is expected to provide a novel source of capital and a durable profit center in the US. The joint venture and a simultaneous strategic collaboration are subject to regulatory approvals.
New Stamford office for financial services firm Stifel will create 50 jobs
Investment bank Stifel will open a new office in Stamford, Connecticut, creating 50 new jobs. The financial services firm will occupy 24,000 square feet at 677 Washington Blvd. and focus on institutional services, similar to its Hartford office. Stifel is eligible for $1.75 million in state grant money if it creates and retains these full-time positions.
Ron Kruszewski, Chairman and CEO of Stifel Financial Corp.
This article provides a profile of Ron Kruszewski, the Chairman and CEO of Stifel Financial Corp. It details his extensive career at Stifel since 1997, his leadership roles in prominent financial industry associations like the American Securities Association and SIFMA, and his involvement in various community and philanthropic organizations. The piece also highlights his recognition with the Horatio Alger Award and his membership in The Wall Street Journal’s CEO Council.
Stifel to Acquire ACXIT Capital Partners
Stifel Financial Corp. announced its definitive agreement to acquire ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm based in Europe. This acquisition will extend Stifel's European footprint into strategically important markets like Germany and enhance its investment banking business through added geographical breadth and regional market expertise. ACXIT's leadership will join Stifel to co-head the DACH advisory region, aiming to leverage Stifel's international network and access to the U.S. investor base.
Blues announce Stifel as team's official jersey sponsor
The St. Louis Blues announced a five-year agreement with Stifel, making the financial services firm the team's official jersey sponsor starting with the 2022-23 season. This partnership extends a nearly 20-year relationship between the two St. Louis-based organizations, highlighting their shared commitment to the community. Stifel's logo will appear on the right chest of all Blues jerseys, and authentic fan jerseys will be available for purchase in September 2022.
Why Stifel is putting its logo on Blues jerseys
Stifel Financial Corp. is deepening its relationship with the St. Louis Blues by becoming a jersey sponsor for the upcoming season. This move builds on their existing major corporate sponsorship with the NHL club. The announcement was made on Thursday by the St. Louis Blues.
ICapital tech platform acquires Stifel Financial's alts feeder funds
ICapital Network is acquiring Stifel Financial Corp.’s alternative investment feeder fund platform, a deal expected to close later this month. This acquisition will add "several billions of dollars" in alternative strategies to iCapital's management, pushing its total platform assets to over $118 billion. Stifel's advisors will leverage iCapital's technology to streamline operations and provide high-net-worth investors with access to alternative investments, while Stifel continues to source these investments and advise clients.
Stifel Financial to acquire Memphis-based institutional brokerage Vining Sparks
Stifel Financial Corp. announced its intent to acquire Memphis-based institutional brokerage Vining Sparks. Stifel Chairman and CEO Ron Kruszewski highlighted the "substantial" cultural and strategic fits between the two companies. This acquisition is expected to further expand Stifel Financial Corp.'s presence.
Another underwriter, Stifel Bank, backs out of Alabama prison deal: report
Stifel Financial Corp. has withdrawn as an underwriter for Alabama Governor Kay Ivey's plan to lease three new private megaprisons, following similar withdrawals by KeyBanc Capital Markets, Barclays, and Region’s Bank. This marks another setback for the controversial project, which involves 30-year lease payments to private companies like CoreCivic. State Auditor Jim Zeigler has actively opposed the deal, calling it "dead" and filing a lawsuit to block the project, with a hearing scheduled for May 14.
Stifel CEO says life after Covid means return to the office
Stifel CEO Ron Kruszewski has announced that employees will return to offices after the Covid-19 pandemic, emphasizing the benefits to training, collaboration, and company culture. This decision contrasts with some financial firms' plans for a hybrid work model, although Stifel may offer flexibility for special circumstances. The move also comes amidst regulatory discussions about bank real estate holdings, which could impact office return strategies for financial institutions.
Stifel To Refocus Century Securities Subsidiary
Stifel Financial Corp. announced plans to rebrand its Century Securities Associates, Inc. subsidiary to Stifel Independent Advisors. The company has hired Alex David as President and CEO of the independent contractor broker-dealer, aiming for significant growth in the independent advisor channel. This move emphasizes Stifel's existing capabilities for independent advisors and seeks to make it a premier destination for them.
Industry in Transition Zoom Call: Ron Kruszewski, CEO of Stifel Financial Corp.
This article features an interview between AdvisorHub’s CEO Tony Sirianni and Ron Kruszewski, CEO of Stifel Financial Corp. They discuss the current state of the industry and what lies ahead for advisors in 2021. The interview is available as both a video and a podcast episode.
Eaton Partners Appoints Ophir Shmuel as Co-Head of Europe, the Middle East, and Africa
Eaton Partners has appointed Ophir Shmuel as Co-Head of Europe, the Middle East, and Africa (EMEA), based in London. Anand Tanna has also joined the firm as a Director focusing on Middle Eastern investors. These appointments aim to strengthen Eaton Partners' presence and capabilities in the EMEA region, particularly in private equity, private credit, and real assets.
