There are several well-known and reputable investment firms located in the St. Louis, Missouri metropolitan area. As a major Midwest financial center, St. Louis is home to large investment banks as well as boutique wealth management and investment advisory firms. Some of the top investment firms in St. Louis provide a range of services including investment management, retirement planning, private banking, brokerage services, and more. Key factors in choosing an investment firm in St. Louis include the firm’s assets under management, experience in various asset classes, client base, service offerings, fees and accessibility of advisors.
Stifel Financial Corp – Major investment bank and wealth manager
Stifel Financial Corp is one of the largest investment firms headquartered in St. Louis. Established in 1890, it has grown to over $30 billion in assets under management. Stifel offers brokerage, investment banking, trading, investment advisory, and consumer banking services. It has a national and global presence with around 7,500 financial advisors serving individual, institutional and corporate clients. Stifel’s private client group provides customized portfolio management services for high net worth individuals. Its asset management arm manages equity, fixed income and alternative investment strategies.
Scottrade – Leading retail brokerage firm
Founded in 1980 and headquartered in St. Louis, Scottrade became one of the largest retail brokerage firms in the U.S. It provided online brokerage services and investment tools to self-directed individual investors. In 2017, Scottrade was acquired by TD Ameritrade in a deal valued at $4 billion. Prior to the acquisition, Scottrade had around 3 million client accounts and 500 branch offices nationwide.
FCB Banks – Private banking, wealth management and investment services
FCB Banks, formerly known as First Community Bank, provides private banking, wealth management, investment services and insurance products to high net worth individuals and families in St. Louis. FCB Banks has over $1 billion in assets under management for clients across the U.S. Its financial advisors take a goals-based approach to investment management and retirement planning for executives, business owners and other wealthy clients.
Argent Capital Management – Boutique asset management firm
Founded in 1998, Argent Capital Management is an independent investment advisor managing equity, fixed income and balanced portfolios. It has over $3 billion in assets under management for institutional clients, mutual funds, and high net worth individuals. Argent focuses on value investing across different asset classes. The firm is employee-owned and headquartered in downtown St. Louis.
Mathews & Associates Investment Advisory – Retirement planning services
Located in Town and Country, MO, Mathews & Associates is a fee-only registered investment advisor serving individual investors and retirement plan sponsors. It provides retirement planning, investment management, risk management and other financial planning services. Mathews & Associates manages around $600 million of client assets. The firm takes a goals-based planning approach and uses passive index funds in client portfolios.
St. Louis has a vibrant financial services industry with some of the largest investment management firms in the Midwest located in the metropolitan area. Top firms like Stifel Financial Corp, Scottrade, FCB Banks, Argent Capital Management and Mathews & Associates Investment Advisory offer brokerage, banking, wealth management and retirement planning services to a range of individual and institutional clients. Key factors to evaluate include each firm’s areas of expertise, client focus, accessibility of financial advisors and overall services that best match one’s needs and goals.