Monday, January 30, 2023

Davidson Funding Advisors inks deal to purchase Caprin Asset Administration

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Davidson Funding Advisors has agreed to accumulate Caprin Asset Administration.

Monetary phrases of the deal had been undisclosed.

Based mostly in Richmond, Va., Caprin makes a speciality of municipal and taxable mounted earnings investments and manages about $1.3 billion in shopper belongings, in keeping with a Tuesday information launch.

Upon closing of the transaction, which is anticipated within the first quarter of 2023, Davidson will handle over $4 billion in belongings underneath administration. At the moment, Caprin’s enterprise will function as Caprin Asset Administration, a division of Davidson Funding Advisors, the discharge famous.

Based mostly in Nice Falls, Mont., Davidson Funding Advisors is a completely owned subsidiary of D.A. Davidson Cos. and works with excessive internet value people and establishments nationwide, offering funding options and recommendation.

Neither Davidson nor Caprin may very well be instantly reached for additional particulars.

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