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.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
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From direct lending to asset-based finance to commercial real estate debt.
