EXHIBIT 21 STIFEL FINANCIAL CORP. AND SUBSIDIARIES SUBSIDIARIES OF STIFEL FINANCIAL CORP.(1) - ---------------------------------------------------------------------------------------------------------------------------------- NAMES UNDER WHICH NAME STATE OF INCORPORATION SUBSIDIARY DOES BUSINESS - ---------------------------------------------------------------------------------------------------------------------------------- Stifel, Nicolaus & Company, Incorporated Missouri Stifel, Nicolaus & Company, Incorporated - ---------------------------------------------------------------------------------------------------------------------------------- Alliance Realty Corp. Missouri Alliance Realty Corp. - ---------------------------------------------------------------------------------------------------------------------------------- Century Securities Associates, Inc. Missouri Century Securities Associates, Inc. - ---------------------------------------------------------------------------------------------------------------------------------- Stifel, Nicolaus Insurance Agency, Inc.(2) Arkansas Stifel, Nicolaus Insurance Agency, Inc. - ---------------------------------------------------------------------------------------------------------------------------------- S-N Capital Corp.(2) Missouri S-N Capital Corp. - ---------------------------------------------------------------------------------------------------------------------------------- Stifel Insurance Agency - Ohio, Inc.(4) Ohio Stifel Insurance Agency - Ohio, Inc. - ---------------------------------------------------------------------------------------------------------------------------------- Stifel Venture Corp. Missouri Stifel Venture Corp. - ---------------------------------------------------------------------------------------------------------------------------------- Stifel Asset Management Corp. Missouri Stifel Asset Management Corp. - ---------------------------------------------------------------------------------------------------------------------------------- Stifel CAPCO, L.L.C. Missouri Stifel CAPCO, L.L.C. - ---------------------------------------------------------------------------------------------------------------------------------- Stifel CAPCO II, L.L.C. Missouri Stifel CAPCO II, L.L.C. - ---------------------------------------------------------------------------------------------------------------------------------- Hanifen, Imhoff Inc. Colorado Hanifen, Imhoff Inc. - ---------------------------------------------------------------------------------------------------------------------------------- Stifel Financial Capital Trust I Delaware Stifel Financial Capital Trust I - ---------------------------------------------------------------------------------------------------------------------------------- Stifel Nicolaus Insurance Agency of Missouri (2) Missouri Stifel Nicolaus Insurance Agency of Missouri (2) - ---------------------------------------------------------------------------------------------------------------------------------- <FN> (1)Does not include corporations in which registrant owns 50% or less of the stock. (2)Wholly owned subsidiary of Stifel, Nicolaus & Company, Incorporated. (3)Wholly owned subsidiary of Stifel Asset Management Corp. (4)Majority owned subsidiary of Stifel, Nicolaus & Company, Incorporated.