---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-152498"
form_type: "8-K"
ticker: "SF"
cik: "0000720672"
company_name: "STIFEL FINANCIAL CORP"
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:22:05.056423+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Stifel reports April 2023 client assets flat MoM; client cash down 3% on tax season

## Summary
- Total client assets $406.6B, up 3% YoY and flat vs March 2023.
- Client money market and insured product balances fell 8% YoY and 3% MoM to $25.2B on tax payments.
- Bank loans net $20.9B, up 12% YoY but flat versus prior month.
- CEO notes Smart Rate and money market fund balances increased in April; cash sorting slowed in May.
- Institutional business faces headwinds from lower volatility and subdued investment banking.

## SEC filing metadata
- accession: 0001193125-23-152498
- form_type: 8-K
- ticker: SF
- cik: 0000720672
- company_name: STIFEL FINANCIAL CORP
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720672/000119312523152498/0001193125-23-152498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720672/000119312523152498/d446526d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-152498
- JSON: https://secwatch.observer/filing/0001193125-23-152498.json
- Plain text: https://secwatch.observer/filing/0001193125-23-152498.txt

## Key facts
- Earnings Releases
  STIFEL FINANCIAL CORP reported preliminary financial results for April 30, 2023.
  - Period: April 30, 2023
  - Result: preliminary results
  source text: On May 24, 2023, Stifel Financial Corp. (the “Company”) issued a press release to disclose selected operating results for April 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/720672/000119312523152498/0001193125-23-152498-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.