X-17A-5 0000872275 XXXXXXXX LIVE false 01-01-2025 12-31-2025 Broker-dealer N STIFEL INDEPENDENT ADVISORS, LLC 501 N. Broadway St. Louis MO 63102 Candace Scappator (704) 341-6841 KPMG LLP 200 E. Randolph Street Chicago IL 60601 Certified Public Accountant Candace Scappator STIFEL INDEPENDENT ADVISORS, LLC 12-31-2025 Candace Scappator Assistant VP