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

Trump Accounts face midterm test as rules shift, warns Focus exec
Trump Accounts face midterm test as rules shift, warns Focus exec

Focus Partners Wealth’s Jeffrey Levine says a Democratic House or Senate would make new legislation on Trump Accounts much harder to pass

Fintech bytes: DeepVest pushes into financial planning with PlanLab
Fintech bytes: DeepVest pushes into financial planning with PlanLab

Docupace also rebuilt its wealth operations platform around a single client record, while Focus Financial picks Nevis to bring AI to its advisors.

RIA M&A drops 17% in Q3 as mega sellers set new record, DeVoe says
RIA M&A drops 17% in Q3 as mega sellers set new record, DeVoe says

Consolidators handled 53% of deals through September as smaller sellers stalled amid market volatility, DeVoe & Company finds.

Firm that creates Forbes rankings returns - with a fresh moniker
Firm that creates Forbes rankings returns - with a fresh moniker

Shook Research has a new name and brand, Veritant, and will continue its coveted rankings of financial advisors.

Courts backs SEC freeze on biotech firm over investor deception claims
Courts backs SEC freeze on biotech firm over investor deception claims

Principals reportedly took millions more in pay than disclosed

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor