St. Louis, Missouri is home to a thriving financial services industry, with many reputable investment management firms located in the metro area. As an important Midwest economic center, St. Louis provides excellent infrastructure and talent support for the investment sector. Many St. Louis-based investment companies serve individual and institutional clients across the nation with their expertise. Here we look at 5 of the top recommended investment management firms in St. Louis for those looking for professional asset management services.
1. St. Louis Based Edward Jones Offers Retail Investment Services
Edward Jones is one of the most well-known investment firms headquartered in St. Louis. Founded in 1922, it has grown to become one of the largest financial services firms in the U.S. catering to individual investors. Edward Jones advisors provide guidance on stocks, bonds, mutual funds, annuities and other investment products. The company has a network of over 15,000 branches across North America to serve local communities. Edward Jones aims to develop long-term relationships with clients based on trust and personalized services.
2. Scottrade’s Investment Offerings Now Part of TD Ameritrade
Scottrade was a leading discount brokerage firm based in St. Louis for over 30 years before being acquired by TD Ameritrade in 2017. Scottrade provided online trading platforms and investment services to retail clients. TD Ameritrade has integrated Scottrade’s offerings into its own, providing St. Louis area residents continued access to investment resources. TD Ameritrade has extensive trading capabilities, research tools, investment guidance and education suited for self-directed investors.
3. Stifel Nicolaus & Company Focuses on Institutional Investors
Stifel Nicolaus & Company is an investment banking and wealth management firm founded in St. Louis in 1890. While serving some individual investors, Stifel Nicolaus focuses primarily on institutional clients like corporations, municipalities and non-profits. Its asset management arm oversees about $35 billion in assets across equities, fixed income and alternatives. Stifel Nicolaus provides securities trading, mergers and acquisitions advisory, underwriting and other services.
4. Buckingham Strategic Wealth Manages over $27 Billion in AUM
Based in St. Louis, Buckingham Strategic Wealth offers financial planning, investing, business services and family office solutions to individuals, families, businesses, non-profits, trusts and estates. Buckingham oversees about $27 billion in assets under management (AUM). It takes a goals-based wealth management approach by first understanding each client’s objectives. Buckingham designs customized, tax-efficient portfolios aiming to maximize after-tax returns.
5. Argent Capital Management Focuses on Value Investing
Founded in 1998 and headquartered in St. Louis, Argent Capital Management oversees about $3.7 billion in AUM as of 2022. It employs a disciplined intrinsic value methodology seeking to invest in high-quality companies trading at discounts to fair value. Argent offers value equity and fixed income strategies for institutional and private clients. Its strategies have outperformed benchmarks over the long run, providing investors with stable returns.
St. Louis has cultivated a strong talent pool in investment management, with firms like Edward Jones, TD Ameritrade, Stifel Nicolaus, Buckingham Strategic Wealth and Argent Capital Management offering a diverse range of investment products and services. Investors in the St. Louis metro area have access to reputable financial advisors and asset managers.