OREANDA-NEWS. INTL FCStone Inc. (NASDAQ:INTL) (“INTL”) today announced that it has substantially completed, effective July 1, 2016, its acquisition of the correspondent securities clearing business and independent wealth management business from Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp.

The July 1, 2016 closing involved three broker dealer entities purchased from Stifel Financial Corp., while the closing of two registered investment adviser entities involved in the acquisition are expected to close this quarter following a customary notice period.

About INTL FCStone Inc.

INTL FCStone Inc., including its subsidiaries, is a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets. Our revenues are derived primarily from financial products and advisory services that fulfill our clients' real needs and provide bottom-line benefits to their businesses. We create added value for our clients by providing access to global financial markets using our industry and financial expertise, deep partner and network relationships, insight and guidance, and integrity and transparency. Our client-first approach engenders trust, and has enabled us to establish leadership positions in a number of complex fields in financial markets around the world.