JHS Capital Advisors has reached an agreement to purchase the retail operations of Paulson Investment Company, adding to JHS's national network of nearly 100 advisors who manage over $2 billion in client assets. Paulson Investment Company has approximately 75 financial advisors managing over $1 billion in client assets. The transaction is subject to Finra approval.
Under the terms of the agreement, Paulson will continue to operate independently as a broker-dealer and the former Paulson advisors will become registered representatives of JHS. In addition, through JHS, Paulson will continue to use RBC Correspondent Services for custody of client assets and securities, trade execution and portfolio reporting, thereby minimizing the impact on clients.
The purchase price was not disclosed.
Headquartered in Portland, Ore., Paulson Investment Company is the Northwest's largest independent brokerage firm and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million.
JHS Capital Advisors, headquartered in Tampa, Fla., is a registered broker-dealer and a registered investment advisor providing personalized client services for investors nationwide.
-Kathy Lynch