![]() ![]() Pays for referrals: Nearly 50 other firms solicit advisory clients for Stifel, Nicolaus & Company.Be sure to specifically ask potential advisors about what services they can and cannot offer, especially if you’re interested in one program or service in particular. Not all advisors can offer all services: Only certain advisors can participate in some account programs, such as the firm’s Vantage program.Thus, clients won’t know how much they will pay before connecting with each advisor, making comparison shopping difficult. ![]() Instead, clients negotiate fees with each individual advisor. Unclear portfolio management fees: No standard fee schedule exists at Stifel, Nicolaus & Company. ![]() This compensation may create conflicts of interest because it gives advisors a financial incentive to recommend products that benefit them financially rather than solely considering a client’s investment needs. For example, it is paid by many investment firms when clients invest in certain products.
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