(Bloomberg) -- Raymond James said it expects to spend more than $400 million to purchase Deutsche Bank's U.S. Private Client Services unit.

The final figure will depend on how many Deutsche Asset & Wealth Management advisors join Raymond James, the St. Petersburg, Fla.-based firm said in a regulatory filing this week. The document offers more detail than Raymond James's previous disclosure in December that it will spend about 1.4 times revenue.

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