Stifel to Acquire Ziegler Lotsoff Capital Management
ST. LOUIS, MO -- (Marketwired) -- 10/16/13 -- Stifel Financial Corp.
(NYSE: SF) today announced that it has entered into an agreement to
acquire Ziegler Lotsoff Capital Management, LLC ("ZLCM") a Chicago
and Milwaukee based asset management business. The acquisition will
bring new asset management strategies and capabilities to Stifel's
existing asset management platform. ZLCM will continue its long-term
partnership with B.C. Ziegler by continuing to offer investment
management services to their mutual current and prospective clients
as they have for over twenty years. The transaction, terms of which
were not disclosed, is expected to close in the fourth quarter of
"We have known many of the professionals at ZLCM for years and think
very highly of their platform. We are excited to welcome them to the
Stifel family," said Ronald J. Kruszewski, Chairman, President and
CEO of Stifel Financial Corp.
Scott Roberts, the President of Ziegler Lotsoff Capital Management,
commented, "We think Stifel represents a perfect fit for our team and
our clients. We look forward to adding to Stifel's asset management
capabilities and enhancing our services going forward."
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a
financial services holding company headquartered in St. Louis,
Missouri that conducts its banking, securities, and financial
services business through several wholly owned subsidiaries. Stifel
clients are served through Stifel, Nicolaus & Company, Incorporated
in the U.S., through Stifel Nicolaus Europe Limited in the United
Kingdom and Europe, and through Keefe, Bruyette & Woods, Inc. in the
U.S. and Europe. The Company's broker-dealer affiliates provide
securities brokerage, investment banking, trading, investment
advisory, and related financial services to individual investors,
professional money managers, businesses, and municipalities. Stifel
Bank & Trust offers a full range of consumer and commercial lending
solutions. Stifel Trust Company, N.A. offers trust and related
services. To learn more about Stifel, please visit the Company's web
site at www.stifel.com.
Ziegler Lotsoff Capital Management, LLC
Ziegler Lotsoff Capital
Management, LLC is an asset management firm with a p
roven history of
providing investment solutions for institutions, mutual fund
sub-advisory clients, municipalities, pension plans, Taft-Hartley
plans and individual investors. To learn more about Ziegler Lotsoff
Capital Management, please visit the Company's web site at
Cautionary Note Regarding Forward-Looking Statements
information contained in this press release contains certain
statements that may be deemed to be "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements in
this release not dealing with historical results are forward-looking
and are based on various assumptions. The forward-looking statements
in this release are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed in or
implied by the statements. Material factors and assumptions could
cause actual results to differ materially from current expectations.
The Company does not undertake to update forward-looking statements
to reflect circumstances or events that occur after the date the
forward-looking statements are made. The Company disclaims any intent
or obligation to update these forward-looking statements.
Stifel Investor Relations
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