Equitable Capital-backed Equitable Advisors to acquire Stifel Independent Advisors from Stifel.

Equitable, a financial services organization, agreed to acquire Stifel Independent Advisors, an independent broker-dealer and a registered investment adviser, from Stifel, a full service brokerage and investment banking firm. Financial terms are not disclosed. “We are committed to growth in the wealth management space and take a disciplined approach to acquisitions, focusing on opportunities that deliver long-term value and align with our culture. Our acquisition of Stifel Independent Advisors does both, and this transaction complements our organic growth strategy to expand our Wealth Management business," Nick Lane, Equitable President.