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Stifel Ronald J Kruszewski

Stifel completes acquisition of Barclays Wealth and Investment Management, Americas

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Stifel Financial Corp has completed the acquisition of Barclays' Wealth and Investment Management, Americas franchise in the US. 

"Today marks another transformational achievement in the growth of our Global Wealth Management business. We are very excited to welcome our new associates from Barclays. Through the combination of the depth of Barclays' franchise and the breadth of Stifel's product offerings, we are creating a premier wealth management platform. We've already initiated, and are committed to making, significant investments in our platform with the goal of providing our clients with a superior set of products and services," says Ronald J Kruszewski (pictured), Chairman and CEO of Stifel.

To further build out the firm's ultra-high net worth capabilities, Stifel has made significant investments in infrastructure to support the combined platform in key areas, including product support, manager research and selection, portfolio construction, custom credit, and additional technology resources. As part of the agreement, Stifel will now act as the US private wealth distribution channel for certain of Barclays' equities and credit new issue securities.

"Barclays is pleased to have completed the transaction which brings our US investment representatives under the Stifel banner. We look forward to our continuing collaboration through our distribution agreement," adds Akshaya Bhargava, CEO of Wealth and Investment Management at Barclays.

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