D.A. Davidson Announces Acquisition Agreement with Wells Nelson & Associates

Firm continues growth trajectory with addition to fixed income unit

DENVER–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/DADavidson?src=hash” target=”_blank”gt;#DADavidsonlt;/agt;–D.A. Davidson & Co. today announced that it has agreed to acquire Wells
Nelson & Associates, an Oklahoma-based public finance and wealth
management firm. The deal strengthens D.A. Davidson’s fixed income
presence in Oklahoma and Texas and unites two firms whose expertise and
market leadership are aligned.

Under the agreement, the Wells Nelson group will continue to use its
brand in order to leverage the firm’s strong name recognition in the
region where it operates. The team will become a part of D.A. Davidson’s
Fixed Income Capital Markets group, operating under the direction of Sam
Doyle, President.

“Wells Nelson has a great reputation, deep expertise and solid
relationships throughout the region and we look forward to adding their
professionals to our team,” Doyle said. “Their work will complement D.A.
Davidson’s broad expertise in fixed income and is well-aligned with our
client-first focus.”

With the acquisition, it is expected that 15 Wells Nelson professionals
will join D.A. Davidson, working from their existing three offices in
Oklahoma and Texas. They join a team of approximately 160 Fixed Income
Capital Markets employees who work from offices across the United States.

“We very much look forward to joining with D.A. Davidson in a move that
will ensure we continue adding new resources for our team,” said Randy
Nelson, President of Wells Nelson. “Most importantly, this is the right
move for our clients, given D.A. Davidson’s tradition of excellent
client service and giving back to local communities.”

D.A. Davidson & Co.’s Fixed Income Capital Markets group is a national
leader in raising capital through fixed income banking, distribution and
depository strategy. D.A. Davidson was the No. 1 ranked underwriter of
negotiated transactions in Oklahoma for 2018, according to Thomson
Reuters. Consistently ranked among the top advisory firms in the
country, with 26 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 1,370
employees and offices in 26 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.

For more information, visit dadavidson.com,
or on Twitter, @DADavidsonCo or LinkedIn.

Contacts

Jacquie Burchard
D.A. Davidson
(406) 791-7465
Cell: (406)
868-1392
[email protected]
or
Emily
Roy
Prosek for D.A. Davidson
(347) 861-6044
[email protected]

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