Stifel Financial To Buy Legg Mason Investment Counsel & Trust - Quick Facts

(RTTNews) - Stifel Financial Corp. (SF) announced an agreement to acquire Legg Mason Investment Counsel & Trust Co., N.A.from Legg Mason, Inc. (LM). The terms of the deal were not ndisclosed.

Legg Mason Investment Counsel & Trust provides customized investment advisory and trust services, on a discretionary basis, to individuals, families, and institutions throughout the country.

Ron Kruszewski, CEO of Stifel Financial, said: "The investment counsel business is a perfect addition to our existing wealth management platform. We think their high touch and personalized approach for each client's unique financial situation perfectly matches Stifel's model and culture."