St. Louis’s leadership in financial services was established more than a century ago, and today the city is home to a large number of national and international financial services companies. The Federal Reserve Bank of St. Louis (left) was also strategically placed here due to St. Louis’s economic strength and business leadership.
Three of the ten largest U.S. financial advisory firms are based in the area. St. Louis is home to both large companies like MasterCard, Wells Fargo, Scottrade and Edward Jones, as well as smaller regional banks, payment processors and wealth managers.
St. Louis is the third most concentrated market for investment advisors, behind New York City and Boston. There is more than $2.8 trillion in assets under management or in custody with four St. Louis-headquartered investment companies. We continue to have one of the largest concentrations of Fortune 500 company headquarters in the country, including Edward Jones, Express Scripts, and the Reinsurance Group of America.
St. Louis as a Startup Hub
St. Louis is a community of leaders, dreamers and achievers, paving the way with aggressive investments in innovation. Funding entities like SixThirty, Arch Grants and Cultivation Capital provide the needed capital to seed companies in and outside of the financial services industry.
Through top-ranked educational institutions like Washington University and the Missouri University of Science and Technology, and organizations like LaunchCode, St. Louis is taking great strides in growing its pool of available technical talent. Large community events like Startup Weekend, GlobalHack and Startup Connection provide founders, creatives and service providers with meaningful connection points to meet, interact and build.
Not convinced? Hear from others as to why they moved their companies to St. Louis:
The Greater St. Louis Financial Forum
The Greater St. Louis Financial Forum, a CEO-led industry roundtable, is working to increase and leverage Greater St. Louis’s recognition as one of the nation’s leading off-Wall Street financial service centers. The Financial Forum provides SixThirty companies additional access to the St. Louis financial services community. The members of the Forum include:
Federal Reserve Bank of St. Louis
J.P. Morgan Private Wealth Management
Bank of Washington
Morgan Stanley Wealth Management
Wells Fargo Advisors
Maritz Holdings, Inc.
Bank of America
RiverVest Venture Partners
PNC Financial Services
M & I Bank
Fifth Third Bank
Reinsurance Group of America Inc.
IronRock Capital Partners
The Bank of Edwardsville