RMB Capital to acquire Jacobus Wealth Management

RMB Capital, a Chicago-based RIA managing $8.4 billion, is acquiring Jacobus Wealth Management, a Milwaukee, Wisc.-based registered investment adviser that manages $860 million. The acquisition, terms of which were not disclosed, is scheduled to close at the end of November, when Jacobus employees — including Peter Bach, the chairman and CEO, and Dan Matola, the president and chief investment officer — will become RMB employees. After the acquisition, JWM's Milwaukee location will be known as RMB Jacobus, RMB said in a release. Richard Jacobus, JWM's chairman emeritus, founded the firm in 1985 as a single-family office and served as its chairman until late 2009, when he was succeeded by Mr. Bach.