Stifel Completes Acquisition of Sterne Agee
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Stifel Financial (SF) to Acquire Barclays Wealth Americas
June 8, 2015 8:03 AM EDTStifel Financial (NYSE: SF) announced that it has entered into a definitive purchase agreement to acquire Barclays' Wealth and Investment Management, Americas franchise in the U.S. ("Barclays Wealth Americas").
As of May 31, 2015, Barclays had approximately 180 financial advisors in the U.S. managing approximately $56 billion in total client assets. In addition, Barclays' business had on balance sheet assets of approximately $1.4 billion and client loans of approximately $1.5 billion held through Barclays' clearing firm.... More
