D.A. Davidson Announces Completion of Wells Nelson & Associates Acquisition

April 3, 2019

Alliance creates strong platform for serving clients across Southern region

D.A. Davidson Companies today announced that it has completed its strategic acquisition of Wells Nelson & Associates, an Oklahoma-based public finance and wealth management firm. The deal unites two firms whose expertise and market leadership are aligned and solidifies D.A. Davidson’s strong position in public finance banking in the south-central United States.

“Partnering with Wells Nelson is consistent with the client-centric focus of both firms,” said Sam Doyle, President of D.A. Davidson’s Fixed Income Capital Markets group. “The Wells Nelson name is synonymous with deep relationships and attention to detail in every transaction, making this a powerful alliance.”

With the acquisition, 16 Wells Nelson professionals have joined D.A. Davidson Companies and will continue working from existing offices in Oklahoma City, Tulsa and Dallas. The group will operate as a separate broker-dealer until it is combined into D.A. Davidson & Co. later in the year.

D.A. Davidson & Co. ranked No. 1 among underwriters of negotiated transactions for Oklahoma in 2018, according to Thomson Reuters.

“It’s terrific for us to join a team that has D.A. Davidson’s solid reputation and deep relationships in our region,” said Randy Nelson, President of Wells Nelson. “Combining our resources gives both firms the best platform for providing smart solutions and great opportunities for our clients.”

D.A. Davidson’s Fixed Income Capital Markets group is a national leader in raising capital through fixed income banking, distribution and depository strategy. Consistently ranked among the top advisory firms in the country, with 28 locations in 18 states, the group serves clients including banks, credit unions, insurance companies, bond managers, money managers and trust companies.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in Montana in 1935, with regional headquarters in Great Falls, Denver, Los Angeles, Portland and Seattle, the company has approximately 1,380 employees and offices in 27 states coast to coast.

Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; 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.

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