On March 7, 2016, D.A. Davidson & Co. announced that it had agreed to merge with Nebraska-based firm SMITH HAYES Companies.
Pending customary closing conditions, the transaction is expected to be completed in the first half of 2016. After the transaction with SMITH HAYES Companies (“Smith Hayes”), which has approximately $4 billion in assets under management and administration, D.A. Davidson & Co’s (“Davidson”) Individual Investor Group’s total assets under management and administration will be approximately $40 billion.
Davidson is a Northwest-based full service investment firm offering equity and fixed income capital markets services and advice. Its parent company, D.A. Davidson Companies, is a financial services holding company with over 1,300 employees.
Smith Hayes, a financial services holding company, provides asset management services to institutions, wealth management services to individuals, and retirement planning and investment banking services to both municipal and corporate clients.
To read the press release: please click here.