RIA M&A transaction with a fresh twist
As large broker-dealers look to play in the red-hot mergers and acquisitions market for RIAs, Advisor Group is investing along with its owner, Reverence Capital, in RIA Signature Estate & Investment Advisors.
It's an RIA financing deal with what appears to be a unique twist: A private equity-backed brokerage firm, in this case the giant Advisor Group network, is investing alongside its owner, Reverence Capital Partners, to acquire a stake in a registered investment adviser, Signature Estate & Investm
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