D.A. Davidson & Co., an employee-owned full-service investment firm, today announced it has formally completed its merger with Nebraska-based SMITH HAYES Companies.
This important milestone marks the beginning of a great partnership under the D.A. Davidson umbrella. We are combining companies that are equally passionate about delivering exceptional service to investors and giving back to our communities, and we will be able to further enhance the depth and breadth of services we provide to our growing client base.
-Jim Kerr, President and CEO of D.A. Davidson
This transaction broadens and strengthens D.A. Davidson’s presence in Nebraska. SMITH HAYES will take the D.A. Davidson name later this summer, building on the strong reputation of SMITH HAYES as a trusted advisor in the region for 30 years. The 70 employees of SMITH HAYES, who currently work from three Nebraska offices, will become part of D.A. Davidson’s Individual Investor Group, which serves individuals, families, and businesses from 65 branch offices in the West and Midwest. With the addition of SMITH HAYES’ roughly $4 billion in client assets under management and administration, the D.A. Davidson Individual Investor Group will be responsible for more than $37 billion in combined client assets under management and administration.
Additionally, key executives from SMITH HAYES will join the D.A. Davidson management team. Tom Smith, Chairman of SMITH HAYES, becomes a Vice Chairman of D.A. Davidson’s Individual Investor Group. John Decker, formerly President and Chief Executive Officer of SMITH HAYES, will be responsible for overseeing all Nebraska operations for D.A. Davidson’s Individual Investor Group.
Terms of the transaction are not being disclosed.
About D.A. Davidson
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 81 years ago, the company has more than 1,300 employees. D.A. Davidson Companies is headquartered in Great Falls, 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.
For information, visit www.dadavidson.com or Twitter: @DADavidsonCo