Stifel, Nicolaus & Company, a full-service retail, institutional brokerage and investment banking firm, has opened 14 new Private Client Group offices in the first half of 2008 as part of its ongoing expansion efforts.

The new additions include Stifel’s first offices in Arizona, Oregon, and Washington; in Phoenix, Medford, and Seattle, respectively. Stifel also doubled its number of offices in California by opening branches in Lincoln Hills, Monterey, Oxnard, and Westlake Village.

The firm made its initial foray into California in the autumn of 2007 with offices in Grass Valley, Pasadena, Roseville, and Santa Rosa.

Additionally, Stifel strengthened its presence within its existing geographic footprint, with new offices in Brevard, North Carolina; Florence, South Carolina; Frontenac, Missouri; Harwich, Massachusetts; Memphis, Tennessee; Oconomowoc, Wisconsin; Ramsey, New Jersey; and Springfield, Illinois.

Scott McCuaig, president of Stifel Nicolaus, said: The investment industry’s top professionals are quickly recognizing that Stifel Nicolaus’s entrepreneurial spirit and lack of bureaucracy make it a great place to call home. As a result, more and more investors are making Stifel their firm of choice, and we look to continue our growth in the second half of 2008.