RBC Dain to acquire Ferris Baker

RBC Dain Rauscher will acquire Ferris Baker Watts Inc., a broker-dealer in Washington.
FEB 14, 2008
By  Bloomberg
RBC Dain Rauscher Inc., the wealth management unit of Royal Bank of Canada, has agreed to buy Ferris Baker Watts Inc., a broker-dealer in Washington. The terms of the transaction were not disclosed, though the deal is expected to be completed in the middle of the year. Ferris Baker is an employee-owned full-service broker-dealer with $18.5 billion in assets under administration and has 900 employees, including 330 financial advisers-with offices in 10 states. "[Ferris Baker] represents a strong strategic and cultural fit for the U.S. wealth management business of RBC, and will significantly expand our presence in the Eastern, Midwest and Mid-Atlantic regions — all important markets for us," said John Taft, president and chief executive of RBC Dain Rauscher, according to a statement. RBC Dain Rauscher Inc. of Minneapolis has nearly $500 billion of assets under administration and more than $160 billion of assets under management.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.