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Raymond James buys another boutique investment bank
The deal comes on the heels of the firm s announced purchase of a retirement plan shop
December 17, 2020
For the second time in as many years, Raymond James Financial Inc. said Thursday it was buying a boutique investment bank, with this purchase focused on the retail and consumer bank.
With offices in New York and London, the bank, Financo, is known for its capabilities in the beauty and personal care, direct-to-consumer e-commerce, enthusiast brands and healthy living and active lifestyle, the company said in a statement. Financo has 25 professionals under its roof.
Terms of the deal were not disclosed.
Raymond James Announces Acquisition of Boutique Investment Bank Following last week s deal to acquire NWPS, Raymond James said it s purchasing Financo, a boutique investment bank specializing in consumer and retail sectors.
Raymond James announced plans Thursday to acquire Financo, a boutique investment bank specializing in the consumer and retail sectors. The firm has expertise in beauty and personal care, direct-to-consumer e-commerce, enthusiast brands, healthy living and active lifestyle, and home furnishings segments. Terms of the deal were not disclosed.
The news comes a week after the brokerage firm said it was acquiring NWPS Holdings, a retirement plan administrator based in Seattle.