Stifel’s purchase of Sterne Agee likely not its last in the broker-dealer space
The acquisition signals Stifel's interest in growing its wealth management business, though future deals depend on what's available — and at what price, according to CEO Ron Kruszewski.
The acquisition of the Sterne Agee Group by Stifel Financial Corp. was classic Ron Kruszewski: find a company in turmoil and buy it on the cheap.
It is a strategy that has served the Stifel chief executive well over the past 18 years. Largely through a series of acquisitions — 16 in the pa
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