secwatch.observer — SEC 8-K summary
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Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0001193125-23-220089
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stifel reports July 2023 client assets up 8% YoY to $426.7B; cash sorting slows
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- Total client assets $426.7B, up 8% from $394.7B YoY and 2% from June 2023.
- Fee-based client assets $158.0B, up 6% YoY; Private Client Group fee-based $138.7B, up 6%.
- Client money market/insured product $25.0B, down 4% YoY; cash sorting continues to slow.
- Bank loans $20.8B, up 4% YoY; recruiting activity very strong per CEO Kruszewski.
- Ranked No. 1 in employee advisor segment of J.D. Power 2023 U.S. Financial Advisor Satisfaction Study.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312523220089/0001193125-23-220089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312523220089/d505719d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-220089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer