Stifel Financial Corp. is a financial holding company. The Company operates in three segments: Global Wealth Management, Institutional Group and Other. Global Wealth Management segment is engaged in the provision of Customer Financing and Asset Management, and operates Consolidated Stifel Branch System and Stifel Bank. Institutional Group segment includes research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate. Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments held. The Company, through its subsidiary, Stifel, Nicolaus & Company, Incorporated (Stifel) offers retail and institutional brokerage and investment banking firm. The Company through other subsidiaries is engaged in independent contractor broker-dealing; broker-dealing; retail and commercial banking; trust business, and asset management.