Regulatory panel denies Stifel’s claim against competitor
A financial industry arbitration panel has ordered Stifel, Nicolaus & Co. Inc. to pay $7 million in attorney’s fees to a group of former Stifel advisers.
Stifel Nicolaus
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Indianapolis financial advisory team leaves Stifel for Sanctuary Wealth
In an unusual about-face, two veteran Stifel advisers who were expected to be part of the newly formed M&K Legacy Wealth team at Sanctuary called off the move just days after the founding was announced.
Stifel sues rival financial firm over mass exodus from Indianapolis office
Stifel is suing a newly-formed competitor firm, Sapient Capital, alleging that Sapient conducted an “orchestrated raid” of Stifel’s 96th Street office, convincing nearly all the employees to jump ship and attempting to bring their clients and their $10 billion in assets with them. Sapient characterizes the situation differently.
Veteran portfolio manager joins Stifel Nicolaus
Thomas Pence, one of the area’s most renowned stock pickers, has joined Stifel Nicolaus & Co. after 16 years as managing partner and portfolio manager with Wells Capital Management.
City Securities being acquired by fast-growing regional brokerage Stifel
The sale ends a 92-year run of ownership by the Peterson family, which opened the business five years before the onset of the Great Depression and built a preeminent position in the municipal bond business that continues today.
COHEN: Good reason to keep gold in diversified portfolios
Metal is hedge against printing money, weakening currencies.
PRINCE: Why iPad could save investment firms money
The device is projected to save Prince Group office at Stifel Nicolaus & Co. more than $3,000 in paper alone.
Gold is booming, but for how long?
Experts are split over whether runup in precious metal is a classic bubble.
Securities firm Stifel Nicolaus balks at fraud charge
Transactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds
were clients of Jeff Cohen.
Knall accepts suspension in unusual SEC case
Newly public records suggest that securities investigators had far from an airtight insider-trading case against David Knall,
the star Indianapolis investment broker who nonetheless agreed to settle the 3-year-old inquiry by agreeing to a one-year
suspension. The Securities and Exchange Commission announced the pact Dec. 4. In addition to consenting to the suspension,
Knall, a managing partner of Stifel Nicolaus & Co., agreed to pay $123,865.