Stifel Reports 10% YoY Asset Growth, Treasury Deposits Up 70% in January
Stifel Financial’s total client assets rose to $561.1 billion at Jan 31, a 10% year-over-year increase and 2% month-over-month gain, while fee-based assets climbed 16% to $229.4 billion. Treasury deposits surged 70% YoY to $9.14 billion, offsetting a 7% drop in money-market and insured balances.
1. January Client Asset Increases
Stifel Financial closed January with record total client assets of $561.1 billion, marking a 10% increase from January 2025 and a 2% rise from December 2025. Fee-based client assets reached $229.4 billion, up 16% year-over-year and 2% month-over-month, led by a 17% gain in private client group assets.
2. Deposit and Loan Movements
Treasury deposits climbed to $9.14 billion, a 70% increase over the prior January, driven by growth in venture and fund banking activities. Client money-market and insured product balances fell 7% year-over-year to $25.9 billion and 3% from December, while net bank loans edged down 1% month-over-month to $22.3 billion.
3. Management Commentary
Chairman and CEO Ronald J. Kruszewski noted that market appreciation and solid net inflows fueled the asset gains, while seasonal factors influenced the slight decline in money-market balances. He added that the deposit surge reflects strong venture and fund banking deposit activity and that loan movements align with typical early-year seasonality.