Pixel Tracker

Wednesday, December 19 , 2018, 6:54 am | Fair 42º


D.A. Davidson & Co. to Merge with Crowell, Weedon & Co.

D.A. Davidson & Co. has entered into an agreement to merge with Crowell, Weedon & Co., a full-service brokerage and money management firm based in Los Angeles with an office in Santa Barbara.

The transaction provides benefits for clients and employees of both firms while expanding the footprint of D.A. Davidson’s Individual Investor Group into California.

“This transaction marks D.A. Davidson’s largest partnership to date, and is a great fit given the individual investor focus and complementary geographies and cultures of our businesses,” said Bill Johnstone, chairman and CEO of Davidson Companies, the parent company to D.A. Davidson. “Aligning Davidson with such a well-respected firm allows us to build on the strengths and reputations of both companies and makes sense for clients, shareholders and employees.”

The combination will create the largest full-service independent broker-dealer headquartered in the Western United States based on number of financial consultants and will provide Crowell Weedon clients with access to a broader array of financial services and products.

As a testament to their similar cultures and commitment to client service, Crowell Weedon’s leadership will integrate into the D.A. Davidson management structure to ensure continuity for clients as well as employees and partners.

“We are pleased to join with D.A. Davidson, a company whose investment philosophy, culture and company history mirror our own,” said Andrew Crowell, president and CEO of Crowell Weedon. “Making this transition seamless for our clients is our top priority. We are proud to be able to offer Crowell Weedon’s investment professionals and clients the enhanced financial planning and investment solutions that will result.”

Upon completion of the transaction, Crowell Weedon will continue to operate from its existing Southern California offices as Crowell Weedon, a Division of D.A. Davidson. Andrew Crowell will continue to manage the division and report to Jim Kerr, president of Davidson Companies. The merger provides clients with access to a deeper inventory of professional services, research, and equity and fixed income capital markets product offerings, and creates benefits of scale.

Crowell Weedon will be part of D.A. Davidson’s Individual Investor Group, which provides an array of financial services and investment solutions to individual investors, families, businesses and nonprofit organizations. With Crowell Weedon, the Individual Investor Group will have roughly 465 financial consultants. The Individual Investor Group is the largest business unit within D.A. Davidson, which also provides equity and fixed income capital markets services and products. Additionally, through D.A. Davidson’s sister companies, clients have access to asset management and trust services.

Combining D.A. Davidson and Crowell Weedon represents the next step in the strategic growth of Davidson Companies in California. It follows the acquisition in 2012 of McGladrey Capital Markets, a Costa Mesa-based boutique investment banking firm. Additionally, Davidson Companies already operates offices in Pasadena and San Francisco.

D.A. Davidson is headquartered in Great Falls, Mont., with regional hub operations also in Denver, Portland and Seattle. The addition of Crowell Weedon provides the firm with a fifth regional hub in Los Angeles.

The transaction is expected to close by July 1, subject to regulatory approvals and customary closing conditions.

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made using a credit card, Apple Pay or Google Pay, or click here for information on recurring credit-card payments and a mailing address for checks.

Thank you for your vital support.

Become a Noozhawk Supporter

First name
Last name
Select your monthly membership
Or choose an annual membership

Payment Information

Membership Subscription

You are enrolling in . Thank you for joining the Hawks Club.

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover
One click only, please!

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.
You may cancel your membership at any time by sending an email to .(JavaScript must be enabled to view this email address).

  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >

Meet Your Realtor Sponsored by Village Properties

Photo of Elizabeth Wagner
Elizabeth Wagner
"I consider myself to be an up front and honest agent and willing to talk my clients out of purchasing a property that isn’t right for them or won’t meet their needs in a year or two."

Full Profile >