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Stifel Completes Acquisition Of Former Legg Mason Unit
Stifel Financial has completed its previously-announced acquisition of 1919 Investment Counsel & Trust Company, formerly known as Legg Mason Investment Counsel & Trust.
Stifel Financial has completed its previously-announced acquisition of 1919 Investment Counsel & Trust Company, formerly known as Legg Mason Investment Counsel & Trust.
The move is part of Stifel's plan to expand its global wealth management business (see more on this here).
With over $9 billion in assets under management, 1919 Investment Counsel provides investment advisory, trust and family offices services - on a discretionary basis - to individuals, families and institutions throughout the US.
It has offices in Baltimore, MD, Cincinnati, OH, New York, and Philadelphia, PA.
A spokesperson from Legg Mason told Family Wealth Report in June that all staff would, as it stood at the time, transfer over to Stifel.
Stifel said that "substantially all of the key professionals from LMIC have signed continuation agreements with Stifel."
