Stifel reports Oct 2024 total client assets $493.5B, up 22% YoY; fee-based assets up 28%

STIFEL FINANCIAL CORP

Total client assets of $493.5B as of Oct 31, 2024, up 22% YoY but 1% below Sep 2024 due to market declines.
Fee-based client assets $189.3B, up 28% YoY; Private Client Group fee-based assets $165.5B, also +28% YoY.
Client money market and insured product balances $27.6B, up 10% YoY and 2% MoM, driven by Smart Rate and Sweep growth.
Bank loans stable at $20.7B; CEO cites strong market appreciation and recruiting for asset growth.
October metrics reflect positive client cash trends and continued recruiting success despite monthly market pullback.

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