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Dain Rauscher Wessels was a brokerage and investment banking firm based in Minneapolis, Minnesota. The firm traced its origins to a number of smaller regional securities firms founded in the 1920s and 1930s.
banking fi rm Wessels, Arnold & Henderson and restructured its Equity Capital Markets unit to become Dain Rauscher Wessels. In 2000, Dain Rauscher was acquired by Royal Bank of Canada, an alliance that positioned the company to continue its long, exceptional history of growth and client service. The fi rm was renamed to RBC Dain Rauscher in ...
After further mergers, two dominant firms emerged: Dain Bosworth (midwest and northwest) and Rauscher Pierce Refsnes (southwest). In 1981, they affiliated under a holding company called Inter-Regional Financial Group.
A year later RBC purchased the company and merged it with their Dain Rauscher Wessels subsidiary to create RBC Dain Rauscher, which later became RBC Wealth Management. One consistent theme through our history is a passionate belief in improving the lives of our clients by building, managing, protecting, and transitioning their wealth.
Sep 3, 2020 · RBC has made inroads into U.S. wealth management since its acquisition of Minneapolis-based brokerage and investment bank Dain Rauscher Wessels nearly two decades ago, which it combined with...
In March 1998, Dain Rauscher acquired the rival Minneapolis investment bank Wessels Arnold & Henderson for $150 million. Analysts viewed the deal as an excellent, albeit expensive, strategic move. The deal gave Dain Rauscher depth in some areas where it had faltered, especially in underwriting stock for technology companies and then selling ...
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RBC Dain Rauscher acquires Ferris, Baker, Watts LLC of Baltimore, Maryland. 2008. RBC Dain Rauscher merges with RBC Capital Markets, LLC to form a single RBC broker-dealer; RBC Dain Rauscher rebrands to RBC Wealth Management.
