Stifel Financial Corp. (NYSE: SF) completed the sale of Stifel Independent Advisors, LLC on February 2, 2026, according to operating data released by the company. The St. Louis-based financial services firm reported February 2026 operating metrics to provide investors with performance updates.

Excluding assets related to the sold business unit, total client assets increased 12% year-over-year to $557.7 billion as of February 28, 2026. Fee-based client assets rose 19% over the same period to $228.0 billion, driven by equity market appreciation and advisor recruiting efforts.

Client money market and insured products increased 1% from January to $26.0 billion. Treasury deposits grew to $9.6 billion, representing a 73% increase from the prior year. The company attributed the treasury deposit growth partly to venture banking activities that added more than $400 million in deposits.

Chairman and Chief Executive Officer Ronald J. Kruszewski said first-quarter 2026 investment banking activity remains above prior-year levels despite recent market volatility. The company expects revenue to increase 30% to 40% versus the first quarter of 2025.

Bank loans, including those held for sale, totaled $22.3 billion as of February 28, 2026, representing a 5% increase from the previous year. Private Client Group fee-based client assets reached $199.2 billion, up 16% year-over-year.

The February 2025 comparative figures included $9.3 billion in total client assets and $4.3 billion in fee-based client assets from the Stifel Independent Advisors business that was subsequently sold. January 2026 figures included $10.0 billion and $4.9 billion respectively from the same business unit.