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Raymond James CEO talks with Forbes about Morgan Keegan

In this video, Raymond James CEO Paul Reilly stops by the office of Forbes magazine to talk about issues including his firm’s recent announcement of a deal to buy Memphis-based investment bank Morgan Keegan.

Reilly called Morgan Keegan a “once-in-20-years type of acquisition.”

He said Allen Morgan, one of the founders of Morgan Keegan, and Raymond James chairman Tom James were good friends. Reilly added that Raymond James started off in June being the low bidder in the auction of Morgan Keegan, and months later it turned out to be among the last men standing.