Stifel Financial acquires Rand & Associates
Stifel Financial announced that 1919 Investment Counsel, its wholly-owned subsidiary and an SEC registered investment adviser, has acquired Rand & Associates. Rand, like 1919, provides wealth management and investment counsel services to individuals, families, and institutions. Combined, 1919 and Rand have more than $12B in assets under management. Terms of the transaction were not disclosed. Rand has approximately $1.3B in assets under management. Rand offers a wide range of financial services, including managing equity and fixed income portfolios, partnering with accountants, estate and tax attorneys, and advising clients on estate planning, financial decision analysis, and charitable giving programs. Rand designs tailored portfolios that seek to balance each client's income needs, growth objectives, and risk tolerances.