Regional broker-dealer D.A. Davidson formally completed a deal announced in May to merge with fellow West coast regional Crowell Weedon. Davidson's advisory operations will increase from 310 advisors to around 460. Combined assets under management now total approximately $43.5 billion. Both firms are privately held and did not disclose the price of the transaction.

"Mergers are always best when one and one is a little bit more than two, hopefully significantly more than two," says Bill Johnstone, the chairman and CEO of D.A. Davidson. "I talked about it as a combination, bringing the best practices, skills and values of each organization together, and we've consistently stayed true to that as we worked our way through the negotiation and integration."

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