Stifel, Nicolaus & Company, Incorporated

Registered investment adviser · St. Louis, MO · CRD #793

Form ADV data as of 2026-09-01

Regulatory assets

$197.53 billion

Total accounts

394,160

Employees

6,478

Disclosure events

212

Firm details

Website: https://www.thumbcoastfinancial.com
Telephone: 314-342-2000
SEC file number: 801-10746
Most recent Form ADV filing: 2026-08-31
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 12 disclosure questions answered Yes, covering 212 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Charged with a felony (past 10 years)
SEC or CFTC found a false statement or omission
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
Another regulator denied, suspended, or revoked a registration or restricted activity
A self-regulatory organization found a false statement or omission
A self-regulatory organization found a violation of its rules
A self-regulatory organization expelled, suspended, barred, or restricted the firm

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$126.84 billion
Non-discretionary regulatory assets under management	$70.69 billion
Total regulatory assets under management	$197.53 billion
Discretionary accounts	302,279
Non-discretionary accounts	91,881
Total accounts	394,160
Regulatory assets under management attributable to non-U.S. persons	$1.10 billion

People

Total employees (excluding clerical)	6,478
Employees performing investment advisory functions (including research)	3,079
Employees who are registered representatives of a broker-dealer	5,097
Employees registered as investment adviser representatives with a state	3,388
Employees registered as IARs for another investment adviser	26
Employees who are licensed insurance agents	2,586
Firms or persons who solicit advisory clients on the firm's behalf	51

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$176.11 billion
Clients for whom the firm has custody	234,425
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$5.34 billion
Clients for whom a related person has custody	235,777
The firm acts as a qualified custodian	Yes
A related person acts as a qualified custodian	Yes
Number of persons acting as qualified custodians for the firm's clients	68

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Commissions

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshops

Other business activities

Broker-dealer (registered or unregistered)Insurance broker or agentRegistered municipal advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Commodity pool operator or commodity trading advisorBanking or thrift institutionTrust companyInsurance company or agencySponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Executes agency cross transactions involving advisory client securities
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	156,989	$41.03 billion
High net worth individuals	73,687	$137.41 billion
Banking or thrift institutions	551	$2.68 billion
Pooled investment vehicles (other than investment companies and BDCs)	22	$367.3 million
Pension and profit sharing plans (not the participants or government plans)	1,481	$2.57 billion
Charitable organizations	1,426	$5.35 billion
State or municipal government entities (including government pension plans)	47	$1.75 billion
Insurance companies	Not reported	$31.5 million
Sovereign wealth funds and foreign official institutions	13	$135.0 million
Corporations or other businesses not listed above	1,967	$6.21 billion
Other	8	$1.9 million