NYSE:SFCapital Markets
How Alleged 401(k) Mismanagement At Stifel Financial (SF) Has Changed Its Investment Story
On 20 February 2026, Sanford Heisler Sharp McKnight filed an ERISA class action in Missouri federal court alleging Stifel Financial and other fiduciaries mismanaged the company’s Profit Sharing 401(k) Plan by retaining two long‑underperforming growth funds, allegedly costing plan participants up to US$134,000,000 since March 2020.
The complaint highlights that these two funds together account for about 10% of the Plan’s more than US$2.00 billion in assets, raising questions about Stifel’s...