The wealth management industry right now is focused on the future of Stifel and its 2,000 highly desirable financial advisors.

A. O. Smith Corporation (NYSE:AOS) is included among the 13 Best Consistent Dividend Stocks to Buy Now. On October 29, Stifel adjusted its outlook on‌ A. O. Smith Corporation (NYSE:AOS), cutting t‍he‍ pr​ic⁠e target to $80 from $89 while maintaining a Bu⁠y ra‌ting on th‍e stock,

The acquisition accelerates the growth of Equitable’s wealth management business, which the company says is its fastest-growing segment. Equitable Advisors, the company’s independent broker-dealer, has approximately 4,500 financial professionals in the U.S. and more than $110 billion in assets under administration, according to the company.

Financial services company Equitable announced yesterday that its affiliate Equitable Advisors had agreed to buy Stifel Independent Advisors, an independent broker-dealer managing about $9 billion in client assets.

Stifel Financial Corp. continued its long-term move away from the independent broker-dealer industry when it said on Monday it had sold Stifel Independent Advisors, with close to 110 registered reps and $9 billion in client assets, to Equitable.

Stifel CEO Ron Kruszewski wants to be clear: His company isn’t for sale. Kruszewski told employees just that in a memo on Wednesday, stating that a recent news article that said the company would consider a sale to a rival was “ridiculous and misleading.”

Stifel Financial Corp. is launching and leading the sale of a $675 million private credit financing package for Tobacco Rag Processors Inc., which supplies tobacco products to manufacturers, according to a person familiar with the matter.

The St. Louis-based financial services giant plans to sell its independent broker-dealer unit, which has about $9 billion in client assets.

The latest settlements bring Stifel’s liability for the former broker’s ill-fated structured notes strategy to more than $184 million.

Stifel Financial’s independent broker/dealer and registered investment advisory firm has more than 110 advisers with approximately $9 billion in assets under management.

Stifel Financial (SF) posted third-quarter results that caught investors’ attention, as both revenue and net income climbed meaningfully from the prior year. The earnings report highlights improving business momentum.