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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

Stifel Financial

Larger retention pool down the drain

Posted by RJ and Makay on Jan 13, 2012

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mergers and acquisitions During the bidding war for Morgan Keegan between Raymond James and Stifel Financial, Stifel’s potential offer to buy the brokerage would have contained a much larger retention payment pool for Morgan Keegan employees, an inside source said Thursday. Raymond James executives noted that Morgan Keegan already had a $200 million retention plan in place and chose to purchase it as part of closing the deal.