Stifel Reports Record Client Assets, Treasury Deposits Surge 70% in January 2026
Event summary
- Total client assets reached $561.06 billion, up 10% year-over-year, driven by market appreciation and net inflows.
- Fee-based client assets increased 16% year-over-year to $229.42 billion, with Private Client Group fee-based assets up 17%.
- Treasury deposits surged 70% year-over-year to $9.14 billion, reflecting strong venture and fund banking deposit activity.
- Client money market and insured product balances declined by 7% year-over-year due to seasonal factors.
- Total bank loans decreased by less than 1% month-over-month, consistent with early-year seasonality.
The big picture
Stifel's January 2026 operating data highlights strong asset growth and a significant surge in treasury deposits, reflecting robust venture and fund banking activity. The decline in client money market and insured product balances aligns with typical early-year seasonality. These trends underscore the firm's ability to capitalize on market appreciation and net inflows, positioning it favorably within the competitive wealth management landscape.
What we're watching
- Asset Growth Sustainability
- Whether Stifel can maintain the 10% year-over-year growth in total client assets amid potential market volatility.
- Treasury Deposit Trends
- The pace at which venture and fund banking deposit activity will continue to drive treasury deposits.
- Seasonal Adjustments
- How seasonal factors will impact client money market and insured product balances in the coming months.
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