Raymond James Financial has completed its acquisition of Cougar Global Investments, an ETF-focused asset manager headquartered in Toronto.
As a result of the deal, which was recently approved by Canadian regulators, Cougar Global will become of an affiliate of Raymond James subsidiary Eagle Asset Management, which will offer Cougar Global’s asset-allocation strategies to its worldwide client base, the company announced.
Founded in 1993, Cougar Global is a global asset-allocation ETF strategist with $1.5 billion under management that markets its investment services to high-net-worth individuals, families, foundations, trusts and institutions in Canada and the United States.
Eagle Asset Management has more than $32.8 billion in assets under advisement from institutional, mutual fund and high-net-worth clients.
“This acquisition continues to enhance our presence within the asset-management industry by providing us with an important suite of investment options that our clients are seeking,” said Richard Rossi, president and co-chief operating officer of Eagle.