RJF - Raymond James to acquire Financo bolstering consumer sector expertise

Raymond James Financial ([[RJF]] -0.2%) agrees to acquire Financo, a boutique investment bank focused on the consumer sector with particular expertise in beauty and personal care, direct-to-consumer e-commerce, enthusiast brands, healthy living, and active lifestyle, as well as home furnishings segments.It's known for working with private, private-equity-backed, and publicly traded high-growth, transformative consumer companies, Raymond James said in a statement.“As the consumer and retail spaces undergo significant shifts in business models and shopping behavior, we see tremendous growth opportunity for M&A and growth capital-raising in the space, which are Financo’s main areas of expertise,” said Jim Bunn, president of Raymond James Global Equities & Investment Banking.Terms of the deal weren't disclosed.Just last week, RJF agreed to acquire NWPS, expanding its retirement services business.See how RJF compares with peers LPLA, SF, EVR and HLI on revenue growth:

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Raymond James to acquire Financo, bolstering consumer sector expertise