D.A. Davidson has agreed to merge with Los Angeles-based Crowell Weedon in a deal that will create one of the largest regional brokerage firms on the West Coast.The merger, which was announced to advisors at both firms Wednesday morning, will add some 147 advisors and 14 offices from Crowell Weedon to the existing 320 financial consultants at D.A. Davidson. Combined assets under management will total $43.5 billion. The firms, which are both privately held, did not disclose the price of the deal.“This transaction marks D.A. Davidson’s largest partnership to date, and is a great fit given the individual investor focus and complementary geographies and cultures of our businesses,” Bill Johnstone, chairman and CEO of Davidson Companies, said in a statement. “Aligning Davidson with such a well-respected firm allows us to build on the strengths and reputations of both companies and makes sense for clients, shareholders and employees.”

via Crowell Weedon to Merge with D.A. Davidson | On Wall Street.