Stifel Nicolaus

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Stifel Nicolaus
Type Public (NYSE: SF)
Founded 1890
Headquarters St. Louis, Missouri, U.S.
Key people Ronald J. Kruszewski, Chairman & CEO
Scott B. McCuaig,
President & COO
James M. Zemlyak,
Executive VP, CFO, & Co-COO
Industry Investment services
Products Financial Services
Revenue Image:green up.png$793.1 million USD (2007)
Employees 2,834 (2007)
Website www.stifel.com

Stifel Nicolaus is the largest subsidiary of Stifel Financial Corp. and is a member of SIPC and listed on the New York Stock Exchange.

Stifel Financial Corp. (NYSE: SF) offers securities-related financial services in the United States and Europe through its wholly owned operating subsidiaries, Stifel, Nicolaus & Company, Incorporated (Stifel Nicolaus), Ryan Beck & Co., Inc. (Ryan Beck), Century Securities Associates, Inc. (CSA), and Stifel Nicolaus Limited (SN Ltd). These subsidiaries provide brokerage, trading, investment banking, investment advisory, and related financial services.

The company has four segments: Private Client Group, Equity Capital Markets, Fixed Income Capital Markets, and Other. Private Client Group provides securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance to its private clients. Equity Capital Markets includes operations such as corporate finance management and participation in underwritings, mergers and acquisitions, institutional sales, trading, research, and market making. The activities of Fixed Income Capital Markets include public finance, institutional sales, and competitive underwriting, and trading. The company's customers include individuals, corporations, municipalities, and institutions.

On December 1, 2005, Stifel Financial closed on the acquisition of the Legg Mason Capital Markets business (LM Capital Markets) from Citigroup Inc. The LM Capital Markets business acquired by the Company included the Investment Banking, Equity and Fixed Income Research, Equity Sales and Trading, and Taxable Fixed Income Sales and Trading Departments. In February 2007, the Company completed the acquisition of Ryan Beck Holdings, Inc., from BankAtlantic Bancorp, Inc. Through its subsidiaries, including Ryan Beck & Co., Inc., Ryan Beck provides financial advice and solutions to individuals, institutions and corporate clients. In April 2007, the Company completed the acquisition of First Service Financial Company, and its wholly owned subsidiary, First Service Bank, a St. Louis-headquartered, Missouri chartered bank. As a result of the transaction, the Company become a bank holding company and a financial holding company.

Stifel Financial was founded in 1890 and is headquartered in St. Louis, Missouri.

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[edit] Overview

As of 2006, Stifel Financial employed 1,801 people in over 135 offices throughout the U.S. and in Europe.

  • The CEO is Ronald J. Kruszewski.
  • One of the largest middle-market investment banks
  • Corporate headquarters in St. Louis
  • Capital markets headquarters in Baltimore
  • Equity Research
Leading "off Wall Street" equity research franchise
47 senior research analysts covering 585 companies
  • Investment Banking
Extensive capital raising experience and mergers & acquisitions experience
Since 2000, Stifel Nicolaus Capital Markets (including Legg Mason transactions) has completed:
• Over 692 public offerings totaling $165 billion in value
• Over 297 M&A transactions totaling $22 billion in value
• Over 284 private placements totaling $12 billion in value
  • Institutional Sales & Trading
163-person Institutional Equity Sales & Trading team
110-person Institutional Fixed Income Sales & Trading group
25 offices including 3 European locations
  • Private Client Group
680 investment executives (including independent contractors affiliated with Century Securities Associates)
100 offices in 23 states
Over $32 billion in assets under management

[edit] History

  • 1890 Founding of the Stifel, Nicolaus predecessor firm named Altheimer & Rawlings Investment Company in St. Louis.
  • 1923 Company renamed Stifel, Nicolaus & Company, Incorporated.
  • 1931 The first branch office was established in Chicago, IL.
  • 1958 Stifel becomes a member of the New York Stock Exchange.
  • 1960 Albert, Theis & Sons acquired.
  • 1962 Cruttenden, Podesta & Miller Louisville Office acquired.
  • 1970 Dempsey Tegeler Office acquired.
  • 1981 Altorfer, Podesta & Woolard acquired.
  • 1982 Bacon Whipple acquired.
  • 1983 Stifel's holding company, Stifel Financial Corporation, formed and goes public. In July, Stifel becomes a publicly owned corporation as a result of a $1,442,870 share offering.
  • 1985 Scherek, Stein & Frane acquired.
  • 1987 Stifel Financial Corporation is listed on the New York Stock Exchange (NYSE).
  • 1988 Rowland, Simon acquired.
  • 1997 Purchase of 15% of Stifel Nicolaus common stock by Western-Southern Life Insurance Company.
  • 2000 On January 12, 2000 Stifel merges with Hanifen Imhoff in Denver. Firm continues under the name Stifel, Nicolaus & Company, Incorporated.
  • 2005 On December 1, 2005 Stifel Financial Corporation announces accquisition of Legg Mason Capital Markets Business (Investment Banking, Institutional Sales & Trading, Research, and Fixed Income), then owned by Citigroup.
  • 2006 Stifel Financial enters into letter of intent to purchase Private Client Group of Minneapolis-based Miller Johnson Steichen Kinnard, Inc. (MJSK) and announces bank acquisition of First Service Financial Co.
  • 2007 Stifel Financial announces agreement to purchase Ryan Beck from BankAtlantic Bancorp.

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