Advisor Group, one of the nation’s largest networks of independent financial advisory firms, plans to acquire Signator Investors Inc. and merge it into Royal Alliance Associates Inc., one of Advisor Group’s four existing independent firms. The acquisition is expected to close in the fourth quarter of 2018.
Signator is a dual-registered broker-dealer and investment advisor with more than 1,800 financial professionals overseeing approximately $50 billion in client assets. Signator is part of John Hancock.
“I believe that the most critical component of a successful acquisition is cultural alignment,” said Jamie Price, president and CEO of Advisor Group. “With Signator and Royal, we immediately saw the compatibility between the two firms, which have a shared focus on the Super OSJ business model and independent advisor community. This is an exciting new chapter for us all.”
The acquisition comes on the heels of a record-breaking recruiting year for Royal Alliance, which saw the addition of 171 new advisors, representing a combined $4 billion in assets, in 2017. Advisor Group said that it saw double-digit growth last year in both revenue and assets as it introduced new products and services to help advisors continue to grow their businesses.
The terms of the deal were not disclosed.
Royal Alliance has more than 1,800 affiliated independent financial advisors and is headquartered in Jersey City. The firm is supported by Advisor Group, one of the largest independent broker-dealer networks with more than 5,000 advisors and approximately $190 billion in client assets. In addition to Royal Alliance, Advisor Group includes FSC Securities Corp., SagePoint Financial Inc. and Woodbury Financial Services Inc.