Cougar Global is now a wholly-owned subsidiary of Raymond James Financial.

Toronoto-headquartered Cougar Global Investments has officially become an affiliate of Eagle Asset Management, a subsidiary of Florida-headquartered Raymond James Financial

Founded in 1993, Cougar Global is an asset allocation ETF strategist that markets its investment services to high net worth individuals, families, foundations, trusts and institutions in Canada and the US.

As of March 31, 2015, Cougar Global had C$1.8 billion of assets in investment strategies.

“This acquisition continues to enhance our presence within the asset management industry by providing us with an important suite of investment options that our clients are seeking,” said Richard Rossi, president of Eagle and co-chief operating officer.

“Solution-based approaches are evolving and becoming a more integral component of investor portfolios,” added Cooper Abbott, Eagle's head of investments and co-chief operating officer.

Eagle Asset Management has over $32.8 billion in assets under advisement from institutional, mutual fund and HNW clients.