(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.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access