Guggenheim Partners Looking To Acquire Claymore Securities Inc.
Guggenheim Partners issued a press release today reporting that they have entered into an agreement, and plan of merger with Claymore Securities. Business wire reports, “As part of the transaction, Claymore Group and its associated entities including Claymore Securities, Claymore Advisors and Claymore Investments in Canada, will become wholly owned subsidiaries of Guggenheim Partners.”
Business wire reports, “We are extremely pleased to have entered into this agreement with Claymore,” stated Mark Walter, chief executive officer of Guggenheim Partners. “Claymore has clearly established itself as a leader within the retail investment space and perfectly complements our already robust institutional investment management capabilities. The transaction will enhance our retail distribution, product development and marketing prowess, especially among financial advisors. Like Guggenheim, Claymore embraces innovation while remaining entirely focused on the needs of its clients. Together, we will reach a broader array of investors with innovative financial products as well as best-in-class asset management and research services.”
“This is a tremendous opportunity for Claymore and our clients,” said David Hooten, chairman and chief executive officer of Claymore Group. “As part of a
platform as strong and significant as Guggenheim Partners, we will be able to continue developing our unique investment products for financial advisors and
retail investors.” Business wire reports.
According to the Guggenheim Partners website they are an independent and unconflicted asset advisory and wealth management business that serves clients in the United States, Europe and Asia. They provide state-of-the-art, unconflicted investment advice (and, when requested, other related non-investment services) to high net worth individuals, families, foundations, trusts and endowments.
According to Index Universe, “Claymore was the 13th-largest U.S. ETF provider as of June 30, according to the National Stock Exchange. It currently offers 35 ETFs with more than $1.6 billion in assets under management. Its largest fund is the Claymore/BNY BRIC ETF (NYSEArca: EEB), with $740 million in assets.”
The full press release can be found: HERE