Stifel Financial Corp. is a financial holding company. The Company, through its subsidiary, Stifel, Nicolaus & Company, Incorporated (Stifel) offers retail and institutional brokerage and investment banking firm. The Company operates in three segments, including Global Wealth Management, Institutional Group and Other. Global Wealth Management segment operates in two businesses, the Private Client Group and Stifel Bank. Institutional Group segment includes institutional sales and trading. It provides securities brokerage, trading, and research services to institutions with an emphasis on the sale of equity and fixed income products. Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments held.