INTL FCStone completes the Acquisition of the Correspondent Clearing and Independent Wealth Management Businesses from Sterne Agee LLC


Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced today that it has substantially completed its acquisition of the correspondent securities clearing business and independent wealth management business from Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp.

Details about the acqusition were provided last week.

The July 1, 2016 closing involved three broker dealer entities purchased from Stifel Financial Corp., while the closing of two registered investment adviser entities involved in the acquisition are expected to close this quarter following a customary notice period.

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INTL FCStone completes the Acquisition of the Correspondent Clearing and Independent Wealth Management Businesses from Sterne Agee LLC

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