Stifel reports record client assets in November

Stifel Financial Corp. (NYSE: SF) reported November 2025 operating data showing total client assets and fee-based client assets reached record levels.

Total client assets increased to $553.6 billion as of November 30, 2025, representing an 8% increase from $513.9 billion a year earlier and a 1% rise from October 2025. Fee-based client assets grew to $224.7 billion, up 14% year-over-year from $197.3 billion and 1% from the previous month.

Private Client Group fee-based client assets totaled $196.5 billion, marking a 14% increase from November 2024 and a 1% gain from October 2025.

Bank loans, including loans held for sale, reached $22.0 billion, up 6% from the prior year and 1% from October. Client money market and insured product balances totaled $25.7 billion, declining 10% year-over-year but increasing 1% month-over-month.

Treasury deposits showed significant growth, reaching $8.7 billion, nearly doubling from $4.5 billion a year ago and increasing 9% from October 2025.

"Total client assets and fee-based client assets reached record highs in November, up 8% and 14% year-over-year, driven by strong recruiting and market gains," said Ronald J. Kruszewski, Chairman and Chief Executive Officer.

The St. Louis-based financial services firm operates more than 400 offices across the United States and in major global financial centers, providing wealth management, commercial and investment banking, trading, and research services.

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