Raymond James Financial has completed its previously announced acquisition of TriState Capital Holdings Inc., the holding company of TriState Capital Bank.
The Pittsburgh-based bank, which offers private banking, commercial lending and treasury management solutions, will continue to operate as a separately chartered bank.
TriState's Chartwell Investment Partners unit has become a wholly owned subsidiary of Carillon Tower Advisers, itself a subsidiary of Raymond James Financial.
The acquisition was announced last October.
At midday in New York, Raymond James (RJF) shares were down 1.61% at $96.90.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.
Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.
Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.
The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.
Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
