Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Banking Institutions
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
- Commissions
Stifel, Nicolaus & Company, Incorporated Overview
Stifel, Nicolaus & Company, Incorporated is a fee-based financial firm that has been in business since 1975. Their headquarters are located in St. Louis, Missouri, and they are registered as a broker-dealer, commodity pool operator/advisor, insurance broker/agent, municipal advisor, and provide investment advice. This diverse range of registrations allows the firm to offer a wide range of financial services. Stifel's services include financial planning, portfolio management for individuals and small businesses, portfolio management of pooled investment vehicles, portfolio management for businesses or institutional clients, pension consulting services, selection of other advisors, and educational seminars and workshops. This comprehensive list of services makes it clear that Stifel is equipped to handle all kinds of financial management needs. Overall, Stifel, Nicolaus & Company, Incorporated is a well-established financial firm that offers a variety of services to meet the needs of individual and institutional clients. Their fee-based model ensures that they are motivated to provide top-quality advice and management to their clients.
STIFEL, NICOLAUS & COMPANY, INCORPORATED is a highly reputable financial services firm that caters to a diverse range of clients with varied investment requirements. These clients include individuals, high net worth individuals, banking institutions, pooled investment vehicles, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other corporation types not listed, among others. The firm prides itself on offering a customized approach to investment services to ensure that each client's unique needs are fully met. In terms of fee structures, STIFEL, NICOLAUS & COMPANY, INCORPORATED provides a variety of options to accommodate clients' preferences. A popular fee structure is a percentage of assets under management (AUM), which means that the firm charges a percentage of the total amount of assets it manages on behalf of the client. Alternatively, clients may opt for fixed fees, which entail a pre-determined fee for specific services, such as financial planning or portfolio management. Finally, the firm also offers commission-based fees, where clients pay a fee for each transaction completed on their behalf. Regardless of the fee structure chosen, the firm is committed to providing transparent pricing to foster trust and strong relationships with its valued clients.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Stifel, Nicolaus & Company, Incorporated mentions that the investment minimums for their investment advisory programs vary depending on the program. According to the brochure, "investment minimums vary based on the investment advisory program and portfolio strategy." Therefore, it is not possible to determine a specific investment minimum for Stifel, Nicolaus & Company, Incorporated without knowing which program or strategy an investor is interested in.
How This Office Can Help Goshen, NY Residents
Stifel assists clients in Goshen, NY by providing a wide range of financial services that cater to the specific needs of local residents. The firm's financial experts offer investment advice, portfolio management, retirement planning, and wealth management services to help clients grow and secure their assets. They also provide estate planning solutions to ensure that clients' legacies are protected and managed efficiently for future generations. Goshen, NY residents face various financial situations that require expert guidance and customized solutions. For example, many people in the area may be retiring soon or have already retired and need help managing their finances during their golden years. Stifel's retirement planning services can help such individuals make informed decisions to maximize their income and have a comfortable retirement. Additionally, Goshen's small business owners and entrepreneurs may need support in structuring their businesses for long-term growth, which Stifel's wealth management and investment advice services can provide. Finally, the firm's estate planning services can help families who have complex assets and wealth transfer needs that require specialized attention.
Services Offered by Stifel, Nicolaus & Company, Incorporated
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Stifel, Nicolaus & Company, Incorporated most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Stifel, Nicolaus & Company, Incorporated is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Stifel, Nicolaus & Company, Incorporated does not have any disclosures. Please visit it's Form ADV for more details.