Stifel Ranks No. 1 in J.D. Power Study
July 06 2023 - 9:00AM
Stifel Financial Corp. (NYSE: SF) today announced that its Stifel,
Nicolaus & Company, Incorporated broker-dealer subsidiary
ranked No. 1 in the employee advisor segment of the J.D. Power 2023
U.S. Financial Advisor Satisfaction StudySM.
Stifel’s overall score, calculated from responses submitted by
Stifel financial advisors, was 777 out of 1,000 – more than 32%
higher than the industry average of 588.
In addition to ranking No. 1 overall, Stifel ranked No. 1 in
four individual categories: leadership and culture, products and
marketing, operational support, and compensation. The firm also
ranked No. 2 in professional development.
“I am thrilled that J.D. Power has named Stifel the No. 1
investment firm for employee advisor satisfaction,” said Ron
Kruszewski, Chairman and CEO of Stifel. “This is special because it
comes from our advisors; it’s also timely because advisors
around the country are voting with their feet and choosing Stifel.
Advisors today want to own their own books, build
enterprise value, and have the best platform for their
clients. While some pundits may think of these as new concepts,
they are part of Stifel’s core values, and at the end of the day
firms are judged on their core values.”
Kruszewski continued, “As the study shows, many advisors in our
industry are burdened by administrative duties and other
non-value-added tasks that prevent them from spending time with
their clients. At Stifel, keeping such bureaucracy to a minimum is
one of the many ways in which we attract and retain
high-performing, client-focused advisors. As a firm where success
meets success, we’re continually investing in the resources,
support, and technology they need, as well as an environment in
which they can truly thrive.”
Stifel ranks as the seventh largest full-service investment firm
in terms of number of financial advisors, with 2,350 financial
advisors.
Stifel Company Information Stifel Financial
Corp. (NYSE: SF) is a financial services holding company
headquartered in St. Louis, Missouri, that conducts its banking,
securities, and financial services business through several wholly
owned subsidiaries. Stifel’s broker-dealer clients are served in
the United States through Stifel, Nicolaus & Company,
Incorporated, including its Eaton Partners business division;
Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC;
and Stifel Independent Advisors, LLC; and in the United Kingdom and
Europe through Stifel Nicolaus Europe Limited. The Company’s
broker-dealer affiliates provide securities brokerage, investment
banking, trading, investment advisory, and related financial
services to individual investors, professional money managers,
businesses, and municipalities. Stifel Bank and Stifel Bank &
Trust offer a full range of consumer and commercial lending
solutions. Stifel Trust Company, N.A. and Stifel Trust Company
Delaware, N.A. offer trust and related services. To learn more
about Stifel, please visit the Company’s website at www.stifel.com.
For global disclosures, please visit
www.stifel.com/investor-relations/press-releases.
Media Contact: Neil Shapiro, (212) 271-3447 or
Brian Spellecy, (314)
342-2000
Investor Relations Contact:Joel Jeffrey, (212)
271-3610
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