Stephen Straus of Stifel Dead in July 4th Shooting

A longtime financial advisor with Stifel Financial Corporation died in the Fourth of July mass shooting in a Chicago suburb.


Stephen Straus, 88, was among the seven people shot in Highland Park, Ill., according to the Highland Park Police Department.


“The entire Stifel Financial family is saddened by the loss of Stephen Straus…in the tragic mass shooting,” the St. Louis, Mo., private wealth management company said on Twitter.


Straus began working with Stifel Financial in 1998, chief executive officer Ronald Kruszewski in a company memorandum said.


“He continued to serve his valued clientele at age 88, not because he had to, but because he wanted to, commuting to the office each morning by train,” Kruszewski wrote.


He went on to cite Straus as “an ambassador to the office…kind…gentle and warm-hearted.”


Straus had worked for investment bank Rodman & Renshaw and broker-dealer Loeb, Rhoades & Company after beginning his Wall Street career with Glore Forgan Staats.


He was buried Friday at the Jewish Reconstructionist Congregation in Evanston, ill.


Stifel Financial is manager $149 billion--$2.4 billion managed by defined benefit and defined contribution.