---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-245610"
form_type: "8-K"
ticker: "SF"
cik: "0000720672"
company_name: "STIFEL FINANCIAL CORP"
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:52:39.806701+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Stifel reports August client assets up 10% YoY to $424.9B; client cash up 2% MoM

## Summary
- Total client assets $424.9B as of Aug 31, 2023, up 10% YoY and flat MoM.
- Fee-based client assets $156.4B (+8% YoY); PCG fee-based $137.2B (+8% YoY).
- Client money market & insured product $25.5B, down 3% YoY but up 2% MoM; September balances increased from Aug end.
- CEO notes strong FA recruiting partially offsetting equity market impact; investment banking pipelines improving but closings delayed.
- Bank loans (net) $20.4B, down 2% from both prior year and prior month.

## SEC filing metadata
- accession: 0001193125-23-245610
- form_type: 8-K
- ticker: SF
- cik: 0000720672
- company_name: STIFEL FINANCIAL CORP
- filed_at: 2023-09-28T23:59:59+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/720672/000119312523245610/0001193125-23-245610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720672/000119312523245610/d266516d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-245610
- JSON: https://secwatch.observer/filing/0001193125-23-245610.json
- Plain text: https://secwatch.observer/filing/0001193125-23-245610.txt

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