1919 Investment Counsel Expands Portfolio Management Team in New York with Key Hires

Rhea-AI Summary

1919 Investment Counsel (NYSE:SF) announced two senior hires in New York: Philip G. Bickel, CFA, and Josefa A. Palma, both joining as Principals, Portfolio Managers to serve individuals, families, foundations, and endowments.

Both bring over 14 years of investment-management experience and most recently served as Senior Vice Presidents, Investment Counselors, at Fiera Capital. The firm reported managing approximately $26.0 billion in assets as of December 31, 2025, including $3.2 billion in responsible investing strategies.

News Market Reaction – SF

+1.46%

+1.46% Session close to close

In the Jan 21 session, SF gained 1.46%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights 1919 Investment Counsel’s expansion in New York with two senior portfol...

Analysis

This announcement highlights 1919 Investment Counsel’s expansion in New York with two senior portfolio managers, each with over 14 years of experience, and underscores its scale with $26.0 billion in assets, including $3.2 billion in responsible investing strategies. In the broader context of Stifel’s recent growth in client assets and dividends, investors may track how these hires support wealth management momentum, client acquisition, and the mix of traditional versus responsible investing mandates.

Key Figures

Philip experience: over 14 years Josefa experience: over 14 years Assets under management: $26.0 billion +1 more

4 metrics

Philip experience over 14 years Investment management and client advisory

Josefa experience over 14 years Investment management, client advisory, capital markets

Assets under management $26.0 billion 1919 AUM as of December 31, 2025

Responsible investing AUM $3.2 billion 1919 responsible investing strategies AUM

Historical Context

5 past events · Latest: Dec 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Dec 18	Operating data update	Positive	+2.0%	Record fee-based assets and strong treasury deposit growth highlighted.
Nov 20	Operating data update	Positive	+1.5%	Year-over-year growth in total and fee-based client assets reported.
Nov 11	Conference participation	Neutral	+2.1%	Management presentation at Wolfe Research Wealth Symposium announced.
Nov 05	Dividend declaration	Positive	+0.5%	Quarterly cash dividends on common and preferred shares declared.
Oct 27	Business divestiture	Positive	+0.9%	Equitable agreed to acquire Stifel Independent Advisors with ~$9B assets.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent operating and corporate updates have generally aligned with positive next-day price reactions.

Recent Company History

Over the past few months, Stifel has highlighted growth in client assets and deposits, with record fee-based assets and rising treasury deposits reported in October–November 2025. The company also declared common and preferred dividends on Nov 5, 2025 and announced the planned sale of Stifel Independent Advisors, covering about $9 billion in client assets. Against this backdrop, today’s hiring news at 1919 Investment Counsel reflects continued focus on wealth management depth within the broader platform.

Key Terms

cfa, registered investment advisory firms

2 terms

cfa financial

"the hiring of Philip G. Bickel, CFA, and Josefa A. Palma"

A CFA is a professional credential awarded to financial analysts and investment managers who pass a series of rigorous exams and meet experience and ethical standards. It signals that a person has demonstrated advanced knowledge of investing, portfolio management and financial analysis—think of it like a pilot’s license for someone who manages money. For investors, seeing a CFA can make it easier to judge a professional’s training and credibility, though it is not a guarantee of performance.

registered investment advisory firms regulatory

"recognized as one of the nation's top registered investment advisory firms by Barron's"

Registered investment advisory firms are businesses that are legally authorized to give personalized investment advice and manage client money in exchange for fees; they must sign up with regulators and follow rules that make them act in clients’ best interests. Think of them as paid guides whose job is to recommend and oversee investments while being legally required to prioritize your financial goals, transparency about fees, and clear record-keeping—factors investors use to judge trust and accountability.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Jan. 21, 2026 /PRNewswire/ -- 1919 Investment Counsel, LLC ("1919"), a subsidiary of Stifel Financial Corp. ("Stifel"), is pleased to announce the hiring of Philip G. Bickel, CFA, and Josefa A. Palma, both as Principals, Portfolio Managers, in the New York office.

In their roles as Portfolio Managers, Philip and Josefa will work with individuals, families, foundations, and endowments, delivering comprehensive investment counsel. Their primary focus will be on developing and managing investment portfolios that are tailored to each client's unique long-term wealth and investment objectives.

Philip brings over 14 years of experience in investment management and client advisory, specializing in customized portfolio solutions for high-net-worth and institutional clients. Most recently, Philip served as Senior Vice President, Investment Counselor, at Fiera Capital, where he managed investment portfolios for high-net-worth and ultra-high-net-worth individuals. He also led the US Private Wealth Asset Allocation Committee and launched its Next Gen initiative. Earlier in his career, Philip held various positions at Wilmington Trust, most recently serving as Vice President – Institutional Portfolio Manager.

Josefa brings over 14 years of experience in investment management, client advisory, and capital markets. Most recently, Josefa served as Senior Vice President, Investment Counselor, at Fiera Capital, where she managed client portfolios for high-net worth and ultra-high-net worth individuals, families, and foundations. She also co-chaired the Global Equity Fund Strategy Investment Committee and played a key role in developing the firm's U.S. Private Wealth platform. Earlier in her career, Josefa held positions at Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, and Legal & General Investment Management America.

"We are thrilled to welcome Phil and Josefa to 1919," said Paul Benziger, Managing Director, Portfolio Manager, and Head of the New York Office of 1919. "Their depth of experience and commitment to understanding clients' unique goals align perfectly with our mission of delivering counsel built on conversation and trust. As our firm continues to grow, we look forward to the perspective and value they will bring in helping clients achieve their long-term objectives."

As of December 31, 2025, 1919 manages approximately $26.0 billion in assets, including $3.2 billion in responsible investing strategies. The firm serves a diverse client base, including individuals and families, corporations, foundations, charitable trusts, and educational and other nonprofit institutions. 1919 has built a reputation for delivering a high-touch, personalized client experience since the founding of its legacy firm, Scudder Stevens & Clark, in 1919. The firm has been consistently recognized as one of the nation's top registered investment advisory firms by Barron's, Forbes, and Financial Advisor Magazine.

About 1919 Investment Counsel:
1919 Investment Counsel ("1919") is a registered investment advisor. Its mission for more than 100 years has been to provide investment counsel and insight that helps families, individuals, foundations, and endowments achieve their financial goals. The firm is headquartered in Baltimore and has offices across the country in Birmingham, Cincinnati, New York, Philadelphia, San Francisco, and Vero Beach. For more information on 1919's services, please visit https://1919ic.com/. 

About Stifel:
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel's broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company's broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company's website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

Media Contacts: 
Ian McEneaney
(212) 554-7159
imceneaney@1919ic.com 

Kat Weber
(212) 554-7124
kweber@1919ic.com 

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SOURCE 1919 Investment Counsel, LLC

FAQ

Who did 1919 Investment Counsel (SF) hire in New York on January 21, 2026?

1919 hired Philip G. Bickel, CFA and Josefa A. Palma as Principals, Portfolio Managers in its New York office.

What experience do the new 1919 Portfolio Managers for SF bring?

Both bring over 14 years of investment management and client-advisory experience and previously served as Senior Vice Presidents at Fiera Capital.

How many assets does 1919 Investment Counsel (SF) manage as of December 31, 2025?

As of December 31, 2025, 1919 manages approximately $26.0 billion in assets, including $3.2 billion in responsible investing strategies.

What client types will Philip Bickel and Josefa Palma serve at 1919 (SF)?

They will work with individuals, families, foundations, and endowments, delivering tailored long-term investment portfolios.

Will the hires at 1919 (SF) change the firm’s investment focus or product offerings?

The announcement states the hires will support developing and managing tailored long-term portfolios; no changes to product offerings or guidance were disclosed.