KeyCorp said Wednesday that it has combined its existing brokerage force with the private client group of McDonald Investments Inc., the securities firm it bought in October.
The infusion from the former Key Investments Inc. of 400 brokers with series 7 licenses increased the number of full-service representatives in McDonald's private client group to 720. Previously, the Key Investments brokers worked either in Cleveland, where both the banking company and McDonald are based, or in branch offices.
Products and services originated at Key are now available through McDonald, including cash management and wrap accounts.
"We are building on the diverse strengths of both organizations to provide distinctive, full-service investment solutions," said Robert T. Clutterbuck, McDonald's president and chief operating officer.