StoneX Signs Letter of Intent to Acquire Intercam's U.S. Wealth Management Entities
StoneX Group Inc. (NASDAQ:SNEX), a global financial services firm, today announced it has entered into a letter of intent to acquire Intercam Advisors, Inc. and Intercam Securities, Inc. from Intercam Holdings, Inc.
The proposed acquisition remains subject to the negotiation and execution of definitive agreements, which will be subject to regulatory approvals and other closing conditions.
"This transaction aligns with StoneX's strategy of expanding its global wealth management footprint, particularly in Latin America, and providing clients with broader access to markets and investment products," said Jay Carter, CEO of StoneX Wealth Management.
The parties are working toward finalizing terms and entering into a definitive agreement in the near future.
About StoneX Group Inc.
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,400 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 70 offices spread across six continents. Further information on the Company is available at www.stonex.com.
StoneX Wealth Management is the trade name of StoneX Securities Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission and member FINRA/SIPC, and StoneX Advisors Inc., an investment advisory registered with the U.S. Securities and Exchange Commission. Registration with the SEC does not imply a certain level of skill or training.
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