Stifel, Nicolaus & Company, Incorporated

Business, clients and compensation, as filed

Advisory activities

financial planning, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting, selection of other advisers and educational seminars or workshops

Compensated by

a percentage of assets under management, fixed fees and commissions

Client types

individuals (other than high net worth) (156,989); high net worth individuals (73,687); banking or thrift institutions (551); investment companies (0); business development companies (0); pooled investment vehicles (22); pension and profit sharing plans (1,481); charitable organizations (1,426); state or municipal government entities (47); other investment advisers (0); insurance companies; sovereign wealth funds and foreign official institutions (13); corporations or other businesses (1,967); other (8)

Also engaged as

broker-dealer, insurance broker or agent and registered municipal advisor

Related persons include

a broker-dealer, another investment adviser, a commodity pool operator or commodity trading advisor, a banking or thrift institution, a trust company, an insurance company or agency and a sponsor, general partner or managing member of pooled investment vehicles

Affiliates

7 broker-dealers, 7 investment advisers

Wrap fee program

Sponsors or manages a wrap fee program

Form ADV Item 11 disclosures

The firm answered yes to the following Item 11 questions. The answers cover the firm and its advisory affiliates; the Disclosure Reporting Pages on IAPD identify the subject and the outcome.

• felony charge pending (Item 11A(2), 2 reported)
• SEC or CFTC finding of a false statement or omission (Item 11C(1))
• SEC or CFTC finding of a violation of regulations or statutes (Item 11C(2), 5 reported)
• SEC or CFTC order against the firm or an affiliate (Item 11C(4), 4 reported)
• SEC or CFTC civil money penalty or cease-and-desist (Item 11C(5), 5 reported)
• other regulator finding of a false statement or omission (Item 11D(1))
• other regulator finding of a violation (Item 11D(2), 56 reported)
• other regulator order, denial, suspension or revocation (Item 11D(4), 68 reported)
• other regulator restriction on activities (Item 11D(5), 9 reported)
• self-regulatory organization finding of a false statement (Item 11E(1))
• self-regulatory organization finding of a violation (Item 11E(2), 42 reported)
• self-regulatory organization bar, suspension or fine (Item 11E(4), 20 reported)