Wealth management is running strong at Stifel, as the firm reported pretax profits at the division rose 24% over a year ago.

First quarter profits for Stifel's advisory business rose to $99 million from $79 million for the same period a year ago. Net revenues rose to a record $329 million, up more than 10% from $297 million.  The firm said that the strong performance was driven by a higher number of fee-based accounts.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access