Stifel Sells $9B Independent Advisor Division to Equitable Advisors 

Stifel Financial has sold its independent advisors unit to Equitable Advisors, in a deal that would add about $9 billion in client assets and more than 110 independent advisors to Equitable’s roster. 

As part of the acquisition, which is set to close in the first quarter of 2026, Stifel’s independent advisors will be joining Equitable Advisors, Equitable’s broker-dealer and registered investment adviser.  

Additionally, Stifel’s independent advisors will gain access to Equitable’s open-architecture platform, including succession planning, marketing tools, and compliance support, the firm said. 

“We are committed to growth in the wealth management space and take a disciplined approach to acquisitions, focusing on opportunities that deliver long-term value and align with our culture,” Nick Lane, president of Equitable, said. “Our acquisition of Stifel Independent Advisors does both, and this transaction complements our organic growth strategy to expand our Wealth Management business.” 

Equitable Advisors had approximately 4,500 financial professionals nationwide and more than $110 billion in assets under administration, the firm said. 

For the third quarter, Stifel Financial reported net revenue of over $1.4 billion and $544 million in client assets under management, which contributed to $1.95 earnings per share.