Stephen Straus showed up for work each day at the Stifel Financial branch office in Chicago at an age when most financial advisers would have long been retired. It’s one of the reasons he will be remembered fondly by his colleagues — and likely also by his clients.
Straus was among the seven people killed in a shooting at a July 4th parade in Highland Park, Illinois, where he was a longtime resident.
Straus started his career as a broker in 1968 and joined Stifel in 1998, according to his BrokerCheck profile. He appeared to have the energy and desire to continue working much longer before the tragic events earlier this week.
“He continued to serve his valued clients at age 88, not because he had to, but because he wanted to, commuting to the office each morning by train,” Stifel CEO Ron Kruszewski wrote in a memo Wednesday to the firm’s employees. “He was always willing to share ideas — an ambassador of the office. He was kind and gentle, warm hearted, and had a great sense of humor. He will be missed by all. Our thoughts are with the Straus family, as well as with the families of the other victims.”
In the memo, Kruszewski also shared a statement from Straus’ niece.
“Steve looked out for the whole family,” said Cynthia Straus. “He was like a big, big oak tree, an umbrella of well-being for all of us. It’s a big loss.”
The quote from Cynthia Straus was part of a tribute to him she posted on Facebook, according to a story by the Chicago CBS News affiliate.
The Facebook message also conveyed Cynthia Straus’ anger about the way her uncle died. He was among the victims of the alleged gunman, Robert E. Crimo III, who fired at the parade crowd from a nearby rooftop.
"Only those who have left this world know what awaits, and for me I can only say that if there are bells at Heaven's Gate they are chiming and cheering for you, for a life well lived, and a soul well served,” Cynthia Straus wrote on Facebook. “But, let's be clear NO ONE should die this way."
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
