Stonex Group Inc. (Nasdaq: SNEX), a World Financial Services Company, announced today that it has entered into an intentional letter on the acquisition of 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 is aligned with Stonex’s strategy to expand the wealth of wealth management, especially in Latin America, and provides customers broader access to markets and investment products,” said Jay Carter, chief executive of Stonex Wealth Management.
The parties work to finalize terms and relevance to a definitive agreement in the near future.