Deals & People

Piper Jaffray to Acquire Money Manager

Piper Jaffray Companies announced the signing of a definitive agreement to acquire Fiduciary Asset Management, LLC, a St. Louis-based investment management firm, for approximately $66 million in cash.

Salient Joins Fidelity’s Ring of RIAs

Salient Wealth Management LLC will now be included in Fidelity Investments’ Wealth Advisor Solutions, which gives customers of the financial services firm the opportunity to build relationships with Fidelity’s network of registered investment advisers.