Stifel Financial reports October total client assets $549.98B

Ronald Kruszewski, chairman and CEO, said, “Total client assets and fee-based client assets reached record highs, increasing 12% and 18% year-over-year, respectively, driven by market appreciation and strong net asset inflows. Treasury deposits grew 35% over the prior year, reflecting the effectiveness of our venture and fund banking deposit initiatives, essentially offsetting declines in client money market and insured product balances. Bank loans rose 1% since September, supported by higher residential, securities-based, and commercial lending.”