Stifel Financial Corp. has agreed to buy B.C. Ziegler & Company’s wealth management business.
The deal to buy Ziegler Wealth Management, which oversees approximately $4.8 billion in client assets, is part of the firm’s growth strategy, Stifel Chairman and CEO Ronald J. Kruszewski said in a statement. The Ziegler’s wealth management group was established in 1902 and is headquartered in Chicago. It has 57 private client advisors in 12 branches across five states.
The terms of the deal were not disclosed and it is expected to close in the first quarter of 2018.