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08

Stifel to Buy Barclays’ U.S. Wealth Management Unit

By Tony Seruga

The Stifel Financial Corporation on Monday embarked on yet another acquisition in a yearslong buying spree, this time seeking to purchaseBarclays’ American wealth management business.

The deal will give Stifel control of what once was Lehman Brothers’ wealth and investment management operation, adding to a sprawling operation that had already grown with the addition of Sterne Agee earlier this year.

“Barclays’ wealth franchise in the U.S. is a high-touch, high-service business for sophisticated clients,” Ronald J. Kruszewski, Stifel’s chairman and chief executive, said in a statement…

Stifel to Buy Barclays’ U.S. Wealth Management Unit

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