Adviser killed in Highland Park shooting remembered as ‘kind and gentle,’ devoted to clients

Adviser killed in Highland Park shooting remembered as ‘kind and gentle,’ devoted to clients
Stephen Straus began his career in 1968 and was still showing up in the office every day at age 88.
JUL 07, 2022

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."

Latest News

Merrill lands four advisor teams as May recruiting data shows firm's two-way churn
Merrill lands four advisor teams as May recruiting data shows firm's two-way churn

Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.

Fund manager sues Kandeo, alleges $100 million FinSocial loss
Fund manager sues Kandeo, alleges $100 million FinSocial loss

The $36 million buy allegedly hid inflated books and a $50 million diversion.

Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit
Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit

“An award citing emotional distress is very unusual,” an industry executive said.

Workplace financial education linked to stronger financial habits, but participation remains low
Workplace financial education linked to stronger financial habits, but participation remains low

New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.

The rise of the super advisor: How AI is redefining competitive advantage in wealth management
The rise of the super advisor: How AI is redefining competitive advantage in wealth management

Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income