Independent broker-dealer Paulson Investment Company is taking steps to intensify its focus on investment banking — the firm has agreed to transfer its retail operations to RIA and broker-dealer JHS Capital Advisors.

Portland, Ore.-based Paulson Investment, a subsidiary of Paulson Capital, will remain an independent broker-dealer after the transaction, subject to FINRA approval, is complete. Paulson advisors will become registered representatives of JHS, and will continue to custody assets, execute trades and do portfolio reporting through RBC Correspondent Services. This will minimize the impact on clients, according to a statement from Paulson.

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