---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-289794"
form_type: "8-K"
ticker: "SF"
cik: "0000720672"
company_name: "STIFEL FINANCIAL CORP"
filed_at: "2025-11-20T23:59:59+00:00"
generated_at: "2026-05-16T18:17:08.778895+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Stifel reports record client assets in October 2025: total up 12% YoY, fee-based up 18% YoY

## Summary
- Total client assets $549.98B, a record high, up 12% YoY from $493.47B.
- Fee-based client assets $222.82B (record), up 18% YoY; PCG fee-based $194.73B (+18%).
- Treasury deposits $8.01B, up 35% YoY, driven by venture and fund banking initiatives.
- Bank loans net $21.80B, up 5% YoY and 1% from September; client money market/insured product $25.51B (-8% YoY).
- CEO cites strong net asset inflows and market appreciation as drivers of growth.

## SEC filing metadata
- accession: 0001193125-25-289794
- form_type: 8-K
- ticker: SF
- cik: 0000720672
- company_name: STIFEL FINANCIAL CORP
- filed_at: 2025-11-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 7.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720672/000119312525289794/0001193125-25-289794-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720672/000119312525289794/d851212d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-289794
- JSON: https://secwatch.observer/filing/0001193125-25-289794.json
- Plain text: https://secwatch.observer/filing/0001193125-25-289794.txt

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