, the parent company of Claymore Investments, revealed Friday that it has entered into an agreement to merge with diversified services firm Guggenheim Partners
. All of Claymore's associated entities will become subsidiaries of Guggenheim through the deal, and Claymore Investment's roughly $2.4 billion in assets will join Guggenheim's roughly $100 billion in assets under supervision.
"This is a tremendous opportunity for Claymore and our clients," Claymore CEO David Hooten
noted. "As part of a platform as strong and significant as Guggenheim Partners, we will be able to continue developing our unique investment products for financial advisors and retail investors."
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