Stifel Financial has completed the acquisition of Ziegler Wealth Management, the wealth management unit of B.C. Ziegler & Company (Ziegler).
The deal, whose financial terms were not revealed, was first announced in October 2017.
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Commenting on the deal, Stifel chairman and CEO Ronald Kruszewski said: “We are excited to welcome the team from Ziegler to our wealth management platform.
“The addition of more than 50 talented financial advisors further solidifies Stifel’s presence in the Midwest as well as adding advisors to growing markets in Arizona, Florida, and Virginia.”
Illinois-based Ziegler Wealth Management has operations across five states and 55 private client advisors overseeing around $5bn in assets.
Stifel, based in Missouri, offers banking, securities, as well as financial services through its various wholly owned subsidiaries.
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