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Get filing alertsStifel reports record fee-based client assets of $240B, up 17% YoY; loans grow 3% in July
Filed August 27, 2026 · Period ending August 27, 2026 · ~1 min read
Key Changes
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high
Fee-based client assets reached record $240B (up 17% YoY excluding SIA sale) and total client assets hit $578B (up 13% YoY), driven by strong markets and recruiting.
Exhibit 99.1 view on EDGAR → -
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Bank loans grew 3% in July to $25.6B, led by fund banking and residential mortgages; company remains on track for full-year loan guidance of $4B.
Exhibit 99.1 view on EDGAR → -
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Treasury deposits increased over $600M in July to $11.5B (up 59% YoY), reflecting continued growth in venture deposits.
Exhibit 99.1 view on EDGAR → -
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Client money market and insured product balances declined 5% in July to $24.1B, primarily due to lower sweep balances.
Exhibit 99.1 view on EDGAR →
Summary
Stifel disclosed July 2026 operating metrics showing strong momentum across its wealth management and banking businesses. Fee-based client assets reached a record $240 billion, up 17% year-over-year after excluding the SIA sale, while total client assets grew to $578 billion. The firm attributed the growth to favorable market conditions and successful advisor recruiting.
On the lending side, bank loans expanded 3% during the month to $25.6 billion, with particular strength in fund banking and residential mortgages, keeping the company on track to meet its full-year loan guidance of $4 billion. The deposit picture showed mixed trends.
Treasury deposits surged over $600 million in July, driven by venture banking relationships, while client money market and sweep balances declined 5% as clients moved funds elsewhere. For retail investors, the record asset levels and loan growth signal healthy business momentum, though the sweep balance decline bears watching as a potential indicator of client cash allocation preferences or competitive pressure on deposit rates.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Stifel disclosed results or financial information under Item 2.02, furnished but not filed for liability purposes.
Added in current filing · verify on EDGAR →
Item 2.02, and the information contained therein shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
The 8-K discloses information under Item 2.02, which typically covers results of operations and financial condition. The filing explicitly states this information is furnished rather than filed, meaning it is not subject to Section 18 liability under the Exchange Act and will not be incorporated by reference into other SEC filings. The substantive financial information itself is not included in the provided text.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Record fee-based client assets of $240 billion and total client assets of $578 increased 17% and 13%, respectively, year-over-year after excluding the impact of the SIA sale. Growth was driven by strong markets and solid recruiting. We remain on track to reach our full year loan guidance of $4 billion. Total loans grew more than 3% in the month of July led by continued strength in fund banking and residential mortgages.
Stifel disclosed July 2026 operating data showing fee-based client assets reached a record $240 billion (up 17% year-over-year excluding the SIA sale) and total client assets of $578 billion (up 13% year-over-year). Total loans grew more than 3% in July, driven by fund banking and residential mortgages, and the company remains on track to reach its full-year loan guidance of $4 billion. The growth in client assets was attributed to strong markets and solid recruiting.
Added in current filing · view on EDGAR →
Treasury deposits increased more than $600 million in July, reflecting continued growth in venture deposits.
Treasury deposits increased by more than $600 million during July 2026, driven by continued growth in venture deposits. The table shows treasury deposits reached $11.501 billion as of July 31, 2026, up 59% year-over-year and 6% from June 30, 2026. This reflects strong growth in the company's venture, fund, and commercial deposit business.
Added in current filing · view on EDGAR →
Client money market and insured product balances declined by 5% during the month, primarily due to lower sweep balances.
Client money market and insured product balances (which include Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash) declined 5% in July to $24.062 billion from $25.398 billion in June. The decline was primarily attributed to lower sweep balances. Year-over-year, these balances were down 6% from $25.683 billion.
Added in current filing · view on EDGAR →
Private Client Group fee-based client assets $209,901 | $182,534 | $210,049 | 15% | (0%)
Private Client Group fee-based client assets totaled $209.901 billion as of July 31, 2026, up 15% year-over-year from $182.534 billion and essentially flat from June 30, 2026 ($210.049 billion). This represents the wealth management segment's fee-based assets and is a key component of the firm's overall fee-based client assets.
Added in current filing · view on EDGAR →
Bank loans, net (includes loans held for sale) $25,624 | $21,605 | $24,805 | 19% | 3%
Bank loans (net, including loans held for sale) reached $25.624 billion as of July 31, 2026, up 19% year-over-year from $21.605 billion and up 3% from June 30, 2026 ($24.805 billion). The monthly growth of 3% aligns with management's commentary about continued strength in fund banking and residential mortgages.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 28, 2026 · How we verify