Full text of STIFEL INDEPENDENT ADVISORS, LLC's X-17A-5 filed 2026-03-27. Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **STIFEL INDEPENDENT ADVISORS, LLC** (A Wholly Owned Subsidiary of Stifel Financial Corp.) Statement of Financial Condition December 31, 2025 (With Report of Independent Registered Public Accounting Firm) This Statement of Financial Condition was filed pursuant to Rule 17a-5(e)(3) as a public document. {1}------------------------------------------------ Statement of Financial Condition December 31, 2025 | Statement of Financial Condition | Page | |---------------------------------------------------------|------| | Report of Independent Registered Public Accounting Firm | 2 | | Statement of Financial Condition | 3 | | Notes to Statement of Financial Condition | 4 | {2}------------------------------------------------  KPMG LLP Aon Center Suite 5500 200 E. Randolph Street Chicago, IL 60601-6436 # **Report of Independent Registered Public Accounting Firm** To the Member and Board of Managers Stifel Independent Advisors, LLC: ## *Opinion on the Financial Statement* We have audited the accompanying statement of financial condition of Stifel Independent Advisors, LLC (the Company) as of December 31, 2025, and the related notes (collectively, the financial statement). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2025, in conformity with U.S. generally accepted accounting principles. ## *Basis for Opinion* This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a te…Read the full text as markdown