STIFEL FINANCIAL CORP

On December 1, 2005, Stifel Financial closed on the acquisition of the Legg Mason Capital Markets business (LM Capital Markets) from Citigroup Inc. The LM Capital Markets business acquired included investment banking, equity and fixed income research, equity sales and trading, and taxable fixed income sales and trading (22 offices in the US and Europe and 500 associates). These assets gave the company substantial research and capital market capabilities and transformed the company from a regional firm to a national one. In 2006, the company acquired the Private Client Group of Minneapolis-based Miller Johnson Steichen Kinnard, Inc. (MJSK) (7 offices and 50 financial advisors).

In 2007, the company completed the acquisition of Ryan Beck & Co. from BankAtlantic Bancorp (43 offices in 14 states and 1,100 associates). The acquisition significantly increased the company's presence on the East coast. The firm also opened several Private Client Group offices in the state of California and branched out across the entire West Coast. During the same year, the company completed the acquisition of First Service Financial Company, and its wholly owned subsidiary, FirstService Bank, a St. Louis-headquartered, Missouri chartered bank. As a result of the transaction, the company became a bank holding company and a financial holding company.

In 2008, the company completed its $12 million acquisition of Butler Wick & Company, Inc. from United Community Financial Corp. Butler Wick, a Youngstown, Ohio-based provider of financial advisory services, had offices in Ohio, Pennsylvania and New York (23 offices in three states and 175 associates). In 2009, the company acquired 56 branches from the UBS Wealth Management Americas (UBS) branch network (56 offices in 24 states and 500 associates). In 2010, the company completed its acquisition of Thomas Weisel Partners Group, Inc and created an enterprise with one of the largest U.S. equity research platforms and expanded institution equity business both domestically and internationally.

In 2011, the company announced an agreement to acquire Stone & Youngberg LLC, a financial firm specializing in municipal finance and fixed income securities. In 2012, the company and Keefe, Bruyette & Woods (KBW) announced a strategic merger. During the same year, the company expanded its investment banking capabilities and restructuring advisory expertise by acquiring Miller Buckfire. In 2014, the company acquired the London stockbroker Oriel Securities.

In June 2015, the company announced it would acquire Barclays US wealth and investment management unit for an undisclosed fee. In May 2015, the company acquired the debt capital markets and convertibles specialist ISM Capital LLP. In 2015, the company acquired the Birmingham, Alabama based investment bank, brokerage and wealth management firm Sterne Agee Group for $150 million. The following year, Stifel sold Sterne Agee to INTL FCStone Inc. (now StoneX Group Inc. ).

In January 2016, the company acquired the placement agent Eaton Partners LLC. In 2018, the company acquired Business Bancshares, Inc. and its subsidiary, The Business Bank of St. Louis. The company also launched its venture banking and lending business, which was significantly expanded in 2023 following the disruption in the U.S. banking market.

In March 2018, the company acquired Ziegler Wealth Management. In November 2018, the group acquired German bank MainFirst Bank AG. In 2019, the company acquired First Empire Holding Corp. and its subsidiaries, including First Empire Securities Inc. In November 2021, the company acquired the Memphis, Tennessee, fixed income brokerage Vining Sparks.