Berkshire Global Advisors client Legg Mason has sold Legg Mason Investment Counsel & Trust Co to Stifel Financial Corp
Legg Mason is a global asset management firm. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange. Legg Mason Investment Counsel is comprised of a registered investment adviser (Legg Mason Investment Counsel, LLC) and a trust company with national trust powers (Legg Mason Investment Counsel & Trust Co., N.A.).
Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Century Securities Associates, Inc. and through Stifel Nicolaus Europe Limited and Keefe, Bruyette & Woods Limited in the United Kingdom and Europe.
Stifel Financial Corp. acquired Legg Mason Investment Counsel & Trust Co., N.A. (LMIC) from Legg Mason, Inc. LMIC will be part of Stifel’s Global Wealth Management segment, where it’s high touch and personalized approach will match Stifel’s model and culture. The acquisition expands Stifel’s Global Wealth Management footprint and enables Legg Mason to evolve its investment affiliate lineup toward fewer and larger firms that can be better leveraged through its global distribution platform.