John Hancock to go with Signator Investors name for broker-dealer

Move designed to create distance between investment creation and distribution

Jul 16, 2013 @ 8:35 pm

By Bruce Kelly

In a move to clarify the branding of its independent broker-dealer, John Hancock Financial Services will market its broker-dealer to advisers under its registered name, Signator Investors Inc. and relegate the John Hancock name to a secondary role.

For example, the firm's website and marketing materials will be branded as “Signator Investors Inc., powered by John Hancock Financial Network,” according to a company news release.

Signator Investors has 1,600 independent registered reps and advisers. Last year, the firm produced $265 million in total revenue.

The change in branding focus is to separate the side of the company that creates investment products, John Hancock, and a firm that that distributes products, Signator, said Brian Heapps, president of John Hancock Financial Network in an interview today.

Meanwhile, Signator remains focused on growing the firm, said Mr. Heapps. “We have a strong commitment to acquire as part of our growth strategy,” he said.

And Signator has recently acted on that strategy. In June, insurance company Symetra Financial Corp. said it agreed to sell its broker-dealer, Symetra Investment Services Inc. with about 280 reps, to John Hancock Financial Services.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

INTV

Why a sabbatical is the perk advisory firms can’t overlook

Financial advice firms offering this benefit praise the impact its had on their businesses.

Latest news & opinion

Finra anticipates oversight role for SEC advice rule

CEO Robert Cook says one area for examination could be the proposed requirement that brokers act in the best interests of their clients.

IBDs with the most CFPs

Here are the 10 independent broker-dealers that employ the most certified financial planner professionals.

Why we must create a more diverse and sustainable financial planning profession

CEO explains how, why a firm should commit to conscious inclusion.

Pope Francis wants financial advisers to work like fiduciaries

Vatican bulletin admonishes advisers who act against the best interests of their clients.

Wells Fargo sees slowdown in advisers exiting this year

The 2016 banking scandal and public relations fiasco had alienated some of the firm's advisers.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print