Raymond James Financial, Inc. (NYSE:RJF) entered into a definitive purchase agreement to acquire Silver Lane Advisors LLC on January 23, 2019. Silver Lane’s professionals will form and represent the Asset & Wealth Management group within the Financial Services Investment Banking practice, which will comprise nearly 50 investment bankers covering banks and thrifts, asset and wealth managers, insurance companies, specialty finance companies and BDCs following the transaction. Additionally, selected senior members of Silver Lane’s team would join the management structure of Raymond James’ investment bank. The transaction is subject to customary conditions and approvals and is expected to close by April 2019.