Newspaper article St Louis Post-Dispatch (MO)

Stifel Buying Ziegler's Wealth Management Business

Newspaper article St Louis Post-Dispatch (MO)

Stifel Buying Ziegler's Wealth Management Business

Article excerpt

Stifel Financial Corp., the St. Louis-based financial services giant, is making another acquisition, this time buying the long-established wealth management business of B.C. Ziegler & Co.

Ziegler Wealth Management, founded in 1902 and based in Chicago, has 57 private client advisers in 12 branches across five states that manage approximately $4.8 billion in client assets.

Terms of the transaction, expected to close in the first quarter of 2018, were not disclosed.

Stifel Chairman and CEO Ronald Kruszewski called the deal "another step" in the company's growth strategy.

"We have worked with the management team at Ziegler in the past and we are excited to add not only a growing and profitable business to our platform but one whose culture of integrity and putting the client first is very similar to our own," he said. …

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