- Stifel Financial (NYSE:SF -0.4%) announced that its subsidiary 1919 Investment Counsel, LLC has acquired Rand & Associates, an independent SEC registered investment adviser. Combined, 1919 and Rand have more than $12B in assets under management.
- Rand, like 1919, provides comprehensive wealth management and investment counsel services to individuals, families, and institutions. Rand has ~$1.3B in assets under management.
- Terms of the transaction were not disclosed.
Stifel’s 1919 Investment Counsel acquires Rand & Associates
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