JHS Capital Advisors Buys Paulson Investment Co.'s Retail Business
JHS Capital Advisors, a registered securities broker dealer and Registered Investment Advisor, is today announcing that it has reached an agreement in principle to purchase the retail operations of Paulson Investment Company, Inc. (Paulson), a wholly owned subsidiary of Portland, Ore.-based Paulson Capital Corp. (Nasdaq: PLCC). Terms were not disclosed. The transaction is subject to approval by FINRA.
Paulson Investment Co. has approximately 75 financial advisors who manage $1.1 billion of client assets, adding to JHS's national network of nearly 100 advisors who currently manage in excess of $2 billion of client assets.
"With similar cultures and values, Paulson's retail division is a natural fit for JHS and will assist both of us in advancing our business plans," said Scott J. Bendert, JHS president and CEO. "At JHS, we've experienced exceptional growth during the past year and this transaction further enhances our business development strategy. We've continued to invest in our infrastructure and operations at the same time that we've been adding advisor teams to our firm, so we're looking forward to working with the Paulson advisors as the newest members of the JHS network."
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