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.
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With one estimate pointing to just a quarter of American adults having a will in place, advisors have an opportunity to audit their books for painful probate court processes just waiting to happen.
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