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Home / transaction / Berkshire Global Advisors client D.A. Davidson acquires SMITH HAYES
Berkshire Global Advisors client D.A. Davidson acquires SMITH HAYES
  • has acquired

    • Berkshire Global Advisors client D.A. Davidson acquires SMITH HAYES

  • Date: March 2016
  • Sector: Securities and Investment Banking
  • Sub-Sector: Investment Bank
  • Region: North America
  • Seller AUM: N/A

    • Seller Details
    SMITH HAYES Companies is a financial services holding company and through its two subsidiaries, the firm provides asset management services to institutions, wealth management services to individuals, as well as retirement plan consulting and investment banking services to municipal and corporate clients. Founded in 1985 by Thomas C. Smith and Thomas D. Hayes, SMITH HAYES is an employee-owned firm that serves clients through offices in Lincoln, Omaha and Columbus. SMITH HAYES Financial Services Corporation (Member FINRA/SIPC), a wholly owned subsidiary of SMITH HAYES Companies, is a full-service broker-dealer and is licensed to do business in all 50 states. SMITH HAYES Advisers, Inc. is a registered investment adviser, and is a wholly owned subsidiary of SMITH HAYES Companies.

    Buyer Details
    Employee-owned D.A. Davidson Companies is a financial services holding company offering a range of financial services and products to individual investors, families, businesses and municipalities nationwide. Founded 80 years ago, the company has more than 1,300 employees. D.A. Davidson Companies is headquartered in Montana, with major business hubs also in Denver, Los Angeles, Portland and Seattle. D.A. Davidson Companies’ largest subsidiary, D.A. Davidson & Co., is the largest full-service investment firm headquartered in the Northwest, and provides wealth management advice and services for investors and offers equity and fixed income capital markets services and advice. D.A. Davidson Companies also operates Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.

    Transaction Summary
    The merger will broaden D.A. Davidson’s strong presence in Nebraska, building on SMITH HAYES’ reputation as a trusted advisor in the region for 30 years. SMITH HAYES will become part of D.A. Davidson’s Individual Investor Group.