Broker-dealer

Stifel Reports November 2023 Operating Data

Retrieved on: 
Thursday, December 21, 2023

Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries.

Key Points: 
  • Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries.
  • Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited.
  • The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities.
  • Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions.

Avantax Welcomes Stephen Whyte and his Four-Generation Tax and Wealth Management Firm with Over $100 Million in Total Client Assets

Retrieved on: 
Wednesday, December 13, 2023

DALLAS, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomes Stephen Whyte, E.A., and his four-generation firm, Whyte & Associates, Inc., formed by Whyte’s grandfather in 1951.

Key Points: 
  • DALLAS, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomes Stephen Whyte, E.A., and his four-generation firm, Whyte & Associates, Inc., formed by Whyte’s grandfather in 1951.
  • The firm includes Stephen’s wife, Jennifer Whyte, his son, Jerry Whyte, and business partner Luis Rodriguez, E.A., all of whom are Financial Professionals.
  • The Whytes’ firm, in Rancho Cucamonga, Calif., processes approximately 1,200 tax returns annually, and has more than $100 million in total client assets, as of August 2023.
  • Whyte and his team transferred to Avantax after his then-broker-dealer, Crown Capital Securities, announced it was being acquired by LPL Financial.

Stifel Survey Finds, Amid Concern Over the Economy and Personal Finances, Sustainability Takes a Back Seat to Price and Value This Holiday Shopping Season

Retrieved on: 
Wednesday, December 6, 2023

Following three years of near-record inflation, the survey data indicates heightened price sensitivity, just as the holiday shopping season kicks into high gear.

Key Points: 
  • Following three years of near-record inflation, the survey data indicates heightened price sensitivity, just as the holiday shopping season kicks into high gear.
  • Amid persistent inflationary pressures, consumer prioritization of low price reflected the largest gains year over year (up five points from 52% in 2022).
  • Roughly three of five consumers (63%), however, remain willing to pay a premium for brands with leading sustainability practices.
  • “European markets have historically led the U.S. in concern for brand sustainability, but that gap has narrowed amid economic pressures,” added Duffy.

Madison Covered Call and Equity Strategy Fund (MCN) Declares Quarterly Dividend

Retrieved on: 
Tuesday, December 5, 2023

MADISON, Wis., Dec. 05, 2023 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) declares its quarterly dividend of $0.18/share.

Key Points: 
  • MADISON, Wis., Dec. 05, 2023 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) declares its quarterly dividend of $0.18/share.
  • Market action can impact dividend issuance as the Fund’s total assets affect the Fund’s future dividend prospects.
  • Neither the Fund nor Madison undertakes any obligation to publicly update or revise any forward-looking statements.
  • “Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”).

Stifel Unveils Ad Creative Featuring Mikaela Shiffrin

Retrieved on: 
Wednesday, November 22, 2023

Ski Team announced in March, Stifel (NYSE: SF) today unveiled a new series of ad spots and video shorts for the 2023-24 World Cup season to coincide with this weekend’s Stifel Killington Cup in Killington, Vermont.

Key Points: 
  • Ski Team announced in March, Stifel (NYSE: SF) today unveiled a new series of ad spots and video shorts for the 2023-24 World Cup season to coincide with this weekend’s Stifel Killington Cup in Killington, Vermont.
  • Ski Team athletes is a role model for hard work, and we’re proud to support Mikaela and the rest of the skiers on the Stifel U.S.
  • The creative was directed by Stifel’s in-house marketing department with creative input from agency Kuhl Swaine and production and editing from Mercury Films.
  • Ski Team in October 2022 and expanded it to include the Stifel U.S. Cross Country Ski Team, Stifel U.S. Freestyle Ski Team, and Stifel U.S. Freeski Team earlier this year through the 2025-26 World Cup season.

Stifel Reports October 2023 Operating Data

Retrieved on: 
Tuesday, November 21, 2023

Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries.

Key Points: 
  • Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries.
  • Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited.
  • The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities.
  • Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions.

Avantax Welcomes Financial Advisors Joshua Heims and Alan Gnoinski with Nearly $100 Million in Total Client Assets

Retrieved on: 
Tuesday, November 21, 2023

DALLAS, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomes Joshua B. Heims, AIF®, and Alan Gnoinski and their Lincoln Sparrow Advisors team to the Avantax Community.

Key Points: 
  • DALLAS, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomes Joshua B. Heims, AIF®, and Alan Gnoinski and their Lincoln Sparrow Advisors team to the Avantax Community.
  • The financial advisors have approximately $100 million in total client assets as of September 2023.
  • We met a lot of the Avantax team, and we really liked the longevity of their employees,” said Heims.
  • In welcoming Heims, Gnoinski and their team, Avantax Wealth Management President Todd Mackay said: “Josh and Al are amazing additions to the Avantax Community.

Vanguard Announces Senior Leadership Change

Retrieved on: 
Tuesday, December 19, 2023

VALLEY FORGE, Pa., Dec. 19, 2023 /PRNewswire/ -- Vanguard today announced the retirement of Tom Rampulla, managing director and head of Vanguard's Financial Advisor Services (FAS) division, following 35 years of dedicated service to the firm. Amma Boateng, current head of the Broker-Dealer channel within FAS, will join Vanguard's senior leadership team and become the head of the division effective January 1, 2024.

Key Points: 
  • Amma Boateng, current head of the Broker-Dealer channel within FAS, will join Vanguard's senior leadership team and become the head of the division effective January 1, 2024.
  • Mr. Rampulla joined Vanguard in 1988 and was appointed to Vanguard's senior leadership team as head of FAS in 2015.
  • Under his leadership, FAS has grown to manage more than $3 trillion in assets, serving more than 150,000 financial advisors with investments, services, education, and research.
  • "For more than 35 years, Tom has worked tirelessly for Vanguard clients and crew," said Vanguard Chairman and CEO Tim Buckley.

Stifel Declares Quarterly Common Stock Cash Dividend And Declares Preferred Stock Cash Dividend

Retrieved on: 
Wednesday, November 15, 2023

The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”), and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”).

Key Points: 
  • The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”), and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”).
  • The declared cash dividend on the Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock is for the period from September 15, 2023, up to, but excluding, December 15, 2023.
  • The declared cash dividend equated to approximately $0.390625 per depositary share, or $390.625 per share of the Series B Preferred Stock outstanding.
  • The declared cash dividend equated to approximately $0.3828125 per depositary share, or $382.8125 per share of the Series C Preferred Stock outstanding.

Faraday Future Continues Actions to Protect Stockholders Against Potential Illegal Trading Activities

Retrieved on: 
Friday, December 15, 2023

As announced in October of this year, FF engaged ShareIntel to help identify potential illegal short selling and other abusive trading activities.

Key Points: 
  • As announced in October of this year, FF engaged ShareIntel to help identify potential illegal short selling and other abusive trading activities.
  • To date, ShareIntel's DRIL-Down™ analysis has identified reporting imbalances in FF’s shares that may be material to FF’s public float and average daily trading volume.
  • These imbalances may be a byproduct of non-compliant or illegal trading activities and may indicate that certain traders have sold but failed to deliver a significant number of shares of FF’s common stock.
  • We will continue to work with ShareIntel to combat potentially manipulative and egregious illegal short selling and trading activities to help ensure fair market conditions."