Equitable to acquire Stifel Independent Advisors from Stifel Financial.

Equitable, a national wealth management and retail distribution arm of Equitable Holdings, agreed to acquire Stifel Independent Advisors, an independent broker-dealer and investment adviser, from Stifel Financial, a full-service brokerage and investment banking firm. Financial terms were 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.